Section 400 of the Companies Act, 2013
Section 400 of the Companies Act, 2013 deals with the electronic filing of applications, documents, inspection, etc.
Text of Section 400:
The Central Government may, by notification, frame a scheme to carry out the provisions of this Act through the electronic mode, which may include—
(a) filing of documents;
(b) creation or maintenance of data banks;
(c) issue of certificates or approvals;
(d) receipt of documents or applications;
(e) maintenance of registers and records;
(f) inspection of documents;
(g) any other matter as may be prescribed.
Key Highlights:
Empowering Digital Governance:
It authorizes the Central Government to make rules and frame schemes for implementing the Companies Act provisions electronically.
Scope Includes:
Filing and receipt of applications/documents
Issuance of digital certificates
Maintenance of electronic records and registers
Online inspection of documents
Creation of digital databanks
Legal Validity:
Documents and processes conducted electronically under this provision have the same legal validity as physical ones.
Purpose:
To promote efficiency, transparency, and ease of doing business by enabling a paperless, streamlined corporate compliance system via the MCA21 portal or any other government-approved digital system.
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