Ministry of Corporate Affairs - Revision history

106.203.143.82 at 04:56, 9 November 2021

2021-11-09T04:56:46Z

← Older revision		Revision as of 10:26, 9 November 2021
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	\| chief2_name = [[Rao Inderjit Singh]]		\| chief2_name = [[Rao Inderjit Singh]]
	\| chief2_position = Minister of State for Corporate Affairs		\| chief2_position = Minister of State for Corporate Affairs
	\| child1_agency = ~~[[Registrar_of_Companies,_India \| Registrar of Companies ]]~~		\| child1_agency =
	\| child2_agency = ~~[[Serious Fraud Investigation Office]] (SFIO)~~		\| child2_agency =
	\| child3_agency = ~~[[Indian Institute of Corporate Affairs]] (IICA)~~		\| child3_agency =
	\| child4_agency = ~~[[Competition Commission of India]] (CCI)~~		\| child4_agency =
	\| child5_agency = ~~[[National Company Law Tribunal]] (NCLT)~~		\| child5_agency =
	\| child6_agency = ~~[[National Company Law Appellate Tribunal]] (NCLAT)~~		\| child6_agency =
	\| child7_agency =		\| child7_agency =
	\| website = {{URL\|http://www.mca.gov.in/}}		\| website = {{URL\|http://www.mca.gov.in/}}
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	\| parent_department =		\| parent_department =
	}}		}}
	The '''Ministry of Corporate Affairs''' is an [[Government of India\|Indian government]] [[Ministry (government department)\|ministry]]. It is primarily concerned with administration of the Companies Act 2013, the Companies Act 1947, the Limited Liability Partnership Act, 2008, Insolvency and Bankruptcy Code, 2016 & other allied Acts and rules & regulations framed there-under mainly for regulating the functioning of the corporate sector in accordance with law.<ref>http://www.mca.gov.in/MinistryV2/about_mca.html</ref> It is responsible mainly for [[regulation]] of Indian enterprises in Industrial and Services sector. Ministry is mostly served by the [[civil servants]] of the [[Indian Corporate Law Service\|ICLS]] ~~0cadre~~. These officers are being selected through [[Civil Services Examination]] conducted by [[Union Public Service Commission]]. Brilliant talent pool of the country serves MCA in different capacities. The highest post, Director General of Corporate Affairs (DGCoA) is being fixed at Apex Scale for the ICLS. The current Minister of State for Corporate Affairs is [[Nirmala Sitaraman]].		The '''Ministry of Corporate Affairs''' is an [[Government of India\|Indian government]] [[Ministry (government department)\|ministry]]. It is primarily concerned with administration of the Companies Act 2013, the Companies Act 1947, the Limited Liability Partnership Act, 2008, Insolvency and Bankruptcy Code, 2016 & other allied Acts and rules & regulations framed there-under mainly for regulating the functioning of the corporate sector in accordance with law.<ref>{{Cite web\|url=http://www.mca.gov.in/MinistryV2/about_mca.html\|title = About MCA}}</ref> It is responsible mainly for [[regulation]] of Indian enterprises in Industrial and Services sector. Ministry is mostly served by the [[civil servants]] of the [[Indian Corporate Law Service\|ICLS]] cadre. These officers are being selected through [[Civil Services Examination]] conducted by [[Union Public Service Commission]]. Brilliant talent pool of the country serves MCA in different capacities. The highest post, Director General of Corporate Affairs (DGCoA) is being fixed at Apex Scale for the ICLS. The current Minister of State for Corporate Affairs is [[Nirmala Sitaraman]].

	==Administration==		==Administration==
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	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]].<ref>{{cite news\|url= http://www.mca.gov.in/Ministry/Draft_Policy.html \|title= MCA draft - Ministry Of Corporate Affairs}}</ref><ref>{{cite news\|url= http://www.pib.nic.in/newsite/erelease.aspx?relid=76123\|title= Second Round of Consultations on the Revised Version of National Competition Policy Begins Tomorrow}}</ref>		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]].<ref>{{cite news\|url= http://www.mca.gov.in/Ministry/Draft_Policy.html \|title= MCA draft - Ministry Of Corporate Affairs}}</ref><ref>{{cite news\|url= http://www.pib.nic.in/newsite/erelease.aspx?relid=76123\|title= Second Round of Consultations on the Revised Version of National Competition Policy Begins Tomorrow}}</ref>

	== ~~Autonomous Bodies~~ ==		==Training Academies==

	*[[Indian Institute of Corporate Affairs\|Indian Institute of Corporate Affairs]] (Only for ~~Central~~ [[Civil Service]] ~~Training~~)		*[[Indian Institute of Corporate Affairs\|Indian Institute of Corporate Affairs]] (Only for [[Civil Service\|Central Civil Service Staff Training]])

			==National Apex Bodies==
	* [[Institute of Chartered Accountants of India\|Institute of Chartered Accountant of India]]		* [[Institute of Chartered Accountants of India\|Institute of Chartered Accountant of India]]
	* [[Institute of Company Secretaries of India\|Institute of Company Secretaries of India]]		* [[Institute of Company Secretaries of India\|Institute of Company Secretaries of India]]
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	* [[National Financial Reporting Authority\|National Financial Reporting Authority(NFRA)]]		* [[National Financial Reporting Authority\|National Financial Reporting Authority(NFRA)]]
	* [[Competition Commission of India\|Competition Commission of India(CCI)]]		* [[Competition Commission of India\|Competition Commission of India(CCI)]]
			*[[Registrar_of_Companies,_India \| Registrar of Companies ]]
			*[[Serious Fraud Investigation Office]]

	== Attached Offices ==		== Attached Offices ==

2409:4065:497:C0FA:E460:9AD3:95CE:DA8E at 15:41, 22 August 2021

2021-08-22T15:41:26Z

Show changes

223.238.113.106 at 02:10, 22 April 2021

2021-04-22T02:10:15Z

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{{Use dmy dates|date=July 2019}}
{{Infobox government agency
|agency_name = Ministry of Corporate Affairs
|seal = Emblem_of_India.svg
|seal_width = 70px
|seal_caption = [[Emblem of India]]
|formed =
|preceding2 =
|dissolved =
|superseding =
|jurisdiction = {{flagicon|India}}[[Republic of India]]
|headquarters = Shastri Bhawan, [[New Delhi]]
|coordinates = {{coord|28|36|50|N|77|12|32|E|type:landmark|display=inline}}
|employees =
|budget =
|chief1_name = [[Nirmala Sitharaman]]
|chief1_position = Minister of Corporate Affairs
|chief2_name = [[Anurag Thakur]]
|chief2_position = Minister of State for Corporate Affairs
|child1_agency = Registrar of Companies
|child2_agency = [[Serious Fraud Investigation Office]] (SFIO)
|child3_agency = [[Indian Institute of Corporate Affairs]] (IICA)
|child4_agency = [[Competition Commission of India]]
|child5_agency = [[National Company Law Tribunal]] (NCLT)
|child6_agency = [[National Company Law Appellate Tribunal]] (NCLAT)
|child7_agency =
|website = {{URL|http://www.mca.gov.in/}}
|logo=|chief3_name=|chief3_position=|chief4_name=|chief4_position=|chief5_name=|chief5_position=|chief6_name=|chief6_position=|chief7_name=|chief7_position=|chief8_name=|chief8_position=|chief9_name=|chief9_position=|parent_department=}}
The '''Ministry of Corporate Affairs''' is an [[Government of India|Indian government]] [[Ministry (government department)|ministry]]. It is primarily concerned with administration of the Companies Act 2013, the Companies Act 1956, the Limited Liability Partnership Act, 2008, Insolvency and Bankruptcy Code, 2016 & other allied Acts and rules & regulations framed there-under mainly for regulating the functioning of the corporate sector in accordance with law.<ref>http://www.mca.gov.in/MinistryV2/about_mca.html</ref> It is responsible mainly for [[regulation]] of Indian enterprises in Industrial and Services sector. Ministry is mostly served by the [[civil servants]] of the [[Indian Corporate Law Service|ICLS]] cadre. These officers are being selected through [[Civil Services Examination]] conducted by [[Union Public Service Commission]]. Brilliant talent pool of the country serves MCA in different capacities. The highest post of DGCoA is being fixed at Apex Scale for the ICLS. The current Minister of State for Corporate Affairs is [[Nirmala Sitaraman]].

==Administration==
The ministry administers the following acts:
* [[The Companies Act, 2013]]
* [[The Companies Act, 1956]]
* [[Insolvency and Bankruptcy Code, 2016|Insolvency And Bankruptcy Code, 2016]]
* [[The Competition Act, 2002|https://www.cci.gov.in/sites/default/files/cci_pdf/competitionact2012.pdf]]
* 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.<ref name=NYT81513>{{cite news|title=India Seeks to Overhaul a Corporate World Rife With Fraud|url=https://dealbook.nytimes.com/2013/08/15/india-seeks-to-overhaul-a-corporate-world-rife-with-fraud/|access-date=August 16, 2013|newspaper=The New York Times|date=August 15, 2013|author=Jen Swanson|format="Dealbook" blog}}</ref> It replaces [[The Companies Act, 1956]] which has proven outmoded in terms of handling 21st century problems.<ref name=ANI8813>{{cite news|title=Parliament passes Companies Bill 2012(Update)|url=http://in.news.yahoo.com/parliament-passes-companies-bill-2012-155346651.html|access-date=16 Aug 2013|newspaper=Yahoo! News India|date=8 Aug 2013|agency=ANI}}</ref>

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]].<ref>{{cite news|url= http://www.mca.gov.in/Ministry/Draft_Policy.html |title= MCA draft - Ministry Of Corporate Affairs}}</ref><ref>{{cite news|url= http://www.pib.nic.in/newsite/erelease.aspx?relid=76123|title= Second Round of Consultations on the Revised Version of National Competition Policy Begins Tomorrow}}</ref>

== Autonomous Bodies ==

* [[Indian Institute of Corporate Affairs|Indian Institute of Corporate Affairs(IICA)]]
* [[Institute of Chartered Accountants of India|Institute of Chartered Accountant of India(ICAI)]]
*[[Institute of Company Secretaries of India|Institute of Company Secretaries of India(ICSI)]]
*[[Institute of Cost Accountants of India|Institute of Cost and Management Accountants of India(ICMAI)]]
*[[Institution of Valuers|Institution of Valuers(IOV)]]

== Statutory Bodies ==

* [https://www.ibbi.gov.in/about Insolvency and Bankruptcy Board of India(IBBI)]
* [[National Company Law Tribunal|National Company Law Tribunal(NCLT)]]
* [[National Company Law Appellate Tribunal|National Company Law Appellate Tribunal(NCLAT)]]
* Investor Education and Protection Fund Authority(IEPFA)
* [[National Financial Reporting Authority|National Financial Reporting Authority(NFRA)]]
* [[Competition Commission of India|Competition Commission of India(CCI)]]

== Attached Offices ==

* [[Serious Fraud Investigation Office|Serious Fraud Investigation Office(SFIO)]]

==Ministers==
{| class="wikitable" style="text-align:center"
|-
! Name
! colspan=2|Term of office
! colspan=2| Party
! Prime Minister
|-
| [[Fakhruddin Ali Ahmed]]<ref>{{Cite web|url=https://eparlib.nic.in/bitstream/123456789/759802/1/Council_of_Ministers_English.pdf|title=Council of Ministers}}</ref>
| 13 March 1967
| 27 June 1970
| rowspan=3| [[Indian National Congress]]
|width="4px" bgcolor="{{Indian National Congress/meta/color}}" rowspan=3|
| rowspan=3| [[Indira Gandhi]]
|-
| [[H. R. Gokhale]]
| 05 February 1973
| 24 March 1977
|-
|[[K. Brahmananda Reddy]]
|03 February 1977
|24 March 1977
|-
| [[Shanti Bhushan]]
| 26 March 1977
| 28 July 1979
| [[Janata Party]]
|width="4px" bgcolor="{{Janata Party/meta/color}}" rowspan=1|
| [[Morarji Desai]]
|-|10
| [[Hans Raj Khanna]]
| 30 July 1979
| 03 August 1979
| rowspan=2|[[Janata Party (Secular)]]
|width="4px" bgcolor="{{Janata Party (Secular)/meta/color}}" rowspan=2|
| rowspan=2|[[Charan Singh]]
|-
| [[S. N. Kacker]]
| 03 August 1979
| 14 January 1980
|-
|[[P. Shiv Shankar]]
|14 January 1980
| 15 January 1982
| rowspan=7| [[Indian National Congress]]
|width="4px" bgcolor="{{Indian National Congress/meta/color}}" rowspan=7|
| rowspan=2| [[Indira Gandhi]]
|-
|[[Jagannath Kaushal]]
|15 January 1982
|31 October 1984
|-
|[[Kotla Vijaya Bhaskara Reddy]]
|04 November 1984
|31 December 1984
| rowspan=3| [[Rajiv Gandhi]]
|-
|[[Rajiv Gandhi]]
|31 December 1984
|14 January 1985
|-
|[[Veerendra Patil]]
|14 January 1985
|25 September 1985
|-
|[[Kotla Vijaya Bhaskara Reddy]]
|21 June 1991
|09 October 1992
| rowspan=2| [[P. V. Narasimha Rao]]
|-
|[[P. V. Narasimha Rao]]
|09 October 1992
|16 May 1996
|-
|[[Ram Jethmalani]]
|16 May 1996
|01 June 1996
|rowspan="1"| [[Bharatiya Janata Party]]
|width="4px" bgcolor="{{Bharatiya Janata Party/meta/color}}" rowspan=1|
|rowspan="1"| [[Atal Bihari Vajpayee]]
|-
| [[P. Chidambaram]]
| 01 June 1996
| 26 July 1996
| rowspan=1| [[Tamil Maanila Congress]] ([[United Front (India)|United Front]])
|width="4px" bgcolor="{{Tamil Maanila Congress/meta/color}}" rowspan=1|
| rowspan=1| [[H. D. Deve Gowda]]
|-
| [[M. Thambidurai]]
| 18 March 1998
| 08 April 1999
| rowspan=1| [[All India Anna Dravida Munnetra Kazhagam]] ([[National Democratic Alliance (India)|National Democratic Alliance]])
|width="4px" bgcolor="{{All India Anna Dravida Munnetra Kazhagam/meta/color}}" rowspan=1|
| rowspan=5| [[Atal Bihari Vajpayee]]
|-
| [[P R Kumaramangalam]]
|09 April 1999
|08 June 1999
| rowspan=1| [[Bharatiya Janata Party]] ([[National Democratic Alliance (India)|National Democratic Alliance]])
|width="4px" bgcolor="{{Bharatiya Janata Party/meta/color}}" rowspan=1|
|-
|[[Ram Jethmalani]]
|08 June 1999
|23 July 2000
|rowspan="1"|[[Independent politician|Independent]] ([[National Democratic Alliance (India)|National Democratic Alliance]])
|width="4px" bgcolor="{{Independent/meta/color}}" rowspan=1|
|-
|[[Arun Jaitley]] ''(MoS, Independent Charge till 07 November 2000)''
|24 July 2000
|01 July 2002
| rowspan=2| [[Bharatiya Janata Party]] ([[National Democratic Alliance (India)|National Democratic Alliance]])
|width="4px" bgcolor="{{Bharatiya Janata Party/meta/color}}" rowspan=2|
|-
|[[Jaswant Singh]]
|01 July 2002
|22 May 2004
|-
| [[Prem Chand Gupta]] ''(MoS, Independent Charge till 29 January 2006)''
| 23 May 2004
| 09 May 2007
| rowspan=2| [[Rashtriya Janata Dal]] ([[United Progressive Alliance]])
|width="4px" bgcolor="{{Rashtriya Janata Dal/meta/color}}" rowspan=2|
| rowspan=6| [[Manmohan Singh]]
|-
| [[Prem Chand Gupta]] '' (Corporate Affairs)''
| 09 May 2007
| 22 May 2009
|-
| [[Salman Khurshid]] ''(MoS, Independent Charge)''
| 28 May 2009
| 19 January 2011
| rowspan=4| [[Indian National Congress]] ([[United Progressive Alliance]])
|width="4px" bgcolor="{{Indian National Congress/meta/color}}" rowspan=4|
|-
| [[Murli Deora]]
| 19 January 2011
| 12 July 2011
|-
| [[M. Veerappa Moily]]
| 12 July 2011
| 28 October 2012
|-
|[[Sachin Pilot]] ''(MoS, Independent Charge)''
| 28 October 2012
| 26 May 2014
|-
| [[Arun Jaitley]]
| 26 May 2014
|14 May 2018
| rowspan=6| [[Bharatiya Janata Party]] ([[National Democratic Alliance (India)|National Democratic Alliance]])
|width="4px" bgcolor="{{Bharatiya Janata Party/meta/color}}" rowspan=6|
| rowspan=6| [[Narendra Modi]]
|-
| [[Piyush Goyal]]
| 14 May 2018
|22 August 2018
|-
| [[Arun Jaitley]]
| 23 August 2018
| 22 January 2019
|-
| [[Piyush Goyal]]
| 23 January 2019
| 15 February 2019
|-
| [[Arun Jaitley]]
| 15 February 2019
| 30 May 2019
|-
|[[Nirmala Sitharaman]]
| 30 May 2019
|
|}

==See also==
* [[Registrar of Companies, India]]
* [[List of company registers]]
* [[Indian Institute of Corporate Affairs]]

==References==
{{reflist}}

==External links==
*{{Official website|http://www.mca.gov.in/}}

{{Union ministries of India}}

{{authority control}}

[[Category:Ministry of Corporate Affairs| ]]
[[Category:Government ministries of India|Corporate Affairs]]

{{India-gov-stub}}