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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>MCA Introduces Role-Check for Digital Signature Certificates to Boost Security in Banking Sector Filings.</h1> The Ministry of Corporate Affairs (MCA) has implemented a role-check mechanism for Digital Signature Certificates (DSCs) used by authorized signatories of banks and financial institutions. This initiative is part of the MCA21 e-Governance Project, which aims to enhance service efficiency and ensure document security through electronic filing. The role-check ensures that DSCs are correctly applied by authorized individuals, particularly in charge-related services where banks create charges on company assets. Banks must identify a nodal officer to manage DSCs and ensure compliance with the new system. The process involves creating a registry of authorized officials and validating DSCs during form submissions.
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