May 23 – The Ministry of Corporate Affairs in India has issued a new circular kick starting the “Green Initiative in Corporate Governance” by allowing companies to complete electronic, paperless compliance after considering relevant sections of the Information Technology Act (2000) and the Companies Act (1956).
The circular is intended to cut down the time taken by the Registrar of Companies on issuing certificates manually. It has been decided that certificates and standard letters issued by the Registrar of Companies will now be issued electronically under the Digital Signature of the Registrar of Companies.
The digital signature will be available for issue from June 30, 2011 in a phased manner.
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