The centralized data processing unit will come up at the Indian Institute of Corporate Affairs (IICA) premises in Haryana's Manesar, the person cited above said on condition of anonymity. The IICA is an institution attached to the ministry of corporate affairs that trains personnel, conducts research and keeps records of people who have qualified to become directors on company boards.
Union finance and corporate affairs minister had announced the data processing centre in the Union budget 2023-24, but details on its implementation have not been made public so far.
"This entails a change in the process flow of the existing approval system, where files go to RoCs across the country.
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