The MCA 21 system, which comes under the Corporate Affairs Ministry, was started in 2006, and currently the second version is operational.
"MCA 21 Version 3 envisages various areas such as helpdesk solution, e-consultation module, security and threat management for utilising the capabilities of Artificial Intelligence and Machine Learning (AI/ ML)," Minister of State for Corporate Affairs Anurag Singh Thakur told the Lok Sabha on Monday.
He was responding to a query on whether the government plans to introduce AI system in the MCA 21 portal.
"Quantum of funds allotted for implementing AI/ML is included in the total cost approved by the Competent Authority and as such breakup of cost for AI/ML is not separately available," the minister said in a written reply.
Among other features, the new version would have modules such as e-consultation, e-adjudication, compliance management system and e-learning.
Features such as autopilot surveillance, pre-emptive fraud-detection, compliance management, improved user experience, capability for integration and data exchange with other regulators and government agencies, data analytical capabilities would also be included in the new version. RAM RVK