The Ministry of Corporate Affairs on 11th May 2022, has published the guidelines for funding on research studies for corporate governance. The primary objective of the is to better utilise the repository of corporate sector data available with the Ministry under the MCA21 egovernance system, explore and expand the scope of utilization of MCA-21 Database, formulate research studies.
Institutions/Organisations/Agencies which are registered under the statute of the Central or State Governments such as Societies Act, Trust Act, Co-operatives Act, Companies Act, etc. with normally 3 years research experience after registration or UGC approved academic/research institution engaged in research activities and fulfilling the following Expertise and Standing specifications will be eligible to apply for funding/ grant-in-aid under these guidelines:
Specifications of Standing:
- Applicant (Institution/Organisation/Agency) must have distinctive merit and academic repute in the research domain;
- Applicant (Institution/Organisation/Agency) must have been working in research/ survey projects in the past for at least five years preceding the date of application, along with strong publication record; and
- Educational qualifications and research capabilities of the full-time professionals and technical human resources should commensurately reflect domain knowledge.
Further individual applicant not attached to/with any such Institution/Agency/Organisation and also applicants retired from the aforesaid Institution/Agency/Organisation and with proven levels of commitment and research expertise on the relevant subject will also be considered under the guidelines for funding/ grant-in-aid for research studies.
However, the individual applicant shall engage himself/herself on a whole-time basis and shall not accept any other assignment during the period of study without the prior permission of the MCA.
No organisation which has commercial interest in the proposal shall be considered for grant under these guidelines. The grant-in-aid in respect of a research proposal to an Institution/Organization/Agency/Individual will not exceed ₹ 50,00,000/- per project and the grant-in-aid will not exceed ₹ 20,00,000/- per project to an Individual applicant.
