Ministry of Corporate Affairs
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| Jurisdiction |  Republic of India |
| Headquarters | Shastri Bhawan , New Delhi Lua error in package.lua at line 80: module 'strict' not found. |
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| Website | www |
The Ministry of Corporate Affairs (MCA) is an Indian government ministry.The Ministry is primarily concerned with administration of the Companies Act 2013, the Companies Act 1956, the Limited Liability Partnership Act, 2008 & other allied Acts and rules & regulations framed there-under mainly for regulating the functioning of the corporate sector in accordance with law.[1] It is responsible mainly for regulation of Indian enterprises in Industrial and Services sector. The current minister of corporate affairs is Arun Jaitley.
Administration
The ministry administers the following acts:
- The Companies Act, 2013
- The Companies Act, 1956
- The Competition Act, 2002
- The Monopolies and Restrictive Trade Practices Act 1969
- The Chartered Accountants Act, 1949 [As amended by the Chartered Accountants (Amendment) Act, 2006]
- The Company Secretaries Act, 1980 [As amended by The Company Secretaries (Amendment) Act, 2006]
- Cost and Works Accountants Act 1959 [As Amended By The Cost And Works Accountants (Amendment) Act, 2006]
- Companies (Donation to National) Fund Act 1951
- The Indian Partnership Act, 1932
- Societies Registration Act 1860
- The Companies Amendment Act, 2006
- The Limited liability Partnership Act, 2008
In August 2013 The Companies Act, 2013 passed. It will regulate fraud by corporations and is intended to avoid the accounting scandals such as the Satyam scandal which have plagued India.[2] It replaces The Companies Act, 1956 which has proven outmoded in terms of handling 21st century problems.[3]
The Ministry has constituted a Committee for framing of National Competition Policy (India) and related matters (formulate amendments in the Act) under the Chairmanship of Dhanendra Kumar, former Chairman of Competition Commission of India.[4][5]<Sonu Pahlwan jindabad>
See also
Notes and references
- ↑ http://www.mca.gov.in/MinistryV2/about_mca.html
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External links
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