Ministry of Corporate Affairs Intends To Tap Social Media For Creating Awareness About The Companies Bill

To reach out and create more awareness among the general public, the Ministry of Corporate Affairs plans to unleash online initiatives by tapping Twitter, Facebook and other avenues.

Sachin Pilot MCA social media

Indian government bodies are gradually adopting social media. The latest one to do so is Ministry of Corporate Affairs (MCA). The department intends to reach out and create more awareness among the general public with the help of social media by tapping the power of social networks like Facebook, Twitter and YouTube, reports The Hindu Business Line.

Sachin Pilot MCA social media

The need has spiked due to the rising incidents of common man getting duped by fraudulent schemes and preparations underway for the implementation of the much-touted new Companies Bill. To control such cases at present MCA is actively discussing ways to tap social media and other useful online platforms.

The Ministry with the help of social networks intends to create a two way dialogue process about corporate governance and various aspects with the general public and the stakeholders. Use of social video network YouTube is also being considered since it will provide more clarity on specific topics. However, the proposal is still under discussions and a final decision is yet to be taken.

MCA under the leadership of Sachin Pilot is showing great interest for social media. Earlier in the month of August after the new Companies Bill was approved by the Parliament we saw the minister discussing on the Corporate Social Responsibility (CSR) aspects of the new Companies Bill via a Google Hangout. The Hangout or a live video chat from Google Pus that allows 10 people at a time to chat had the likes of Anand Mahindra (CMD, Mahindra & Mahindra), Aditya Puri (MD, HDFC Bank), Rakesh Bharti Mittal (Vice Chairman & MD, Bharti Enterprises), etc.

The move that is being thought of is a progressive one. However, it would be interesting to see whether it gets a nod and after that how it is taken further. Will it add value or be another storehouse of links, is to be observed in the coming future.

Image courtesy: Hindu