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DCA releases mission statement

Our Bureau

NEW DELHI, June 23

THE Department of Company Affairs (DCA) has issued a Mission Statement, endeavouring to work and to ensure responsive, resilient and healthy development of the corporate sector.

The statement also states that the Department will protect and promote the interests of all the stakeholders, consumers and the public.

It will further attempt to formulate investor-friendly policies catalysing corporate excellence by encouraging free, fair and just competition, according to a DCA release.

The mission statement endeavours to accelerate the reforms process set in motion since 1991, for progressive integration and enhancing international competitiveness. This is just to make the Department as valuable to the public as the public is to it.

The statement has been issued to supplement the Citizens Charter, issued by the Department in July 1999, with a sense of urgency, dedication and professionalism.

The Citizens Charter fixed a broad parameter for cooperative partnership between DCA and corporate sector and time limits for disposal of cases under the Companies Act, at the level of Registrars of Companies (RoCs), Regional Directors (RDs), DCA and Com pany Law Board (CLB).