Wandererkanishk: Wandererkanishk moved page Draft:Ministry of Corporate Affairs (India) to Ministry of Corporate Affairs (India)

2021-07-09T14:09:56Z

Wandererkanishk moved page Draft:Ministry of Corporate Affairs (India) to Ministry of Corporate Affairs (India)

← Older revision	Revision as of 19:39, 9 July 2021
(No difference)

AjmerEditor: Created page with "{{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 = ..."

2021-07-09T14:08:07Z

Created page with "{{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 = ..."

New page

{{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,_India | Registrar of Companies ]]
| child2_agency = [[Serious Fraud Investigation Office]] (SFIO)
| child3_agency = [[Indian Institute of Corporate Affairs]] (IICA)
| child4_agency = [[Competition Commission of India]] (CCI)
| 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 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]].

==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]]
* 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][https://www.mca.gov.in/Ministry/actsbills/pdf/The_Companies_Secretaries_Amendment_Act_2006.pdf]
* 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]] was passed to regulate corporations by increasing responsibilities of corporate executives 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 ==

* [[Institute of Company Secretaries of India|Institute of Company Secretaries of India(ICSI)]]
* [[Institute of Chartered Accountants of India|Institute of Chartered Accountant of India(ICAI)]]
*[[Indian Institute of Corporate Affairs|Indian Institute of Corporate Affairs(IICA)]]
*[[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)]]

== List of Ministers For Corporate Affairs ==
{| class="wikitable" style="width:69.75%;"
!n
!Name
! width="75" |Portrait
! colspan="2" |Term of office
! colspan="2" |Political party
(Alliance)
! colspan="2" |Prime Minister
|- align="center"
|1
|[[Liaquat Ali Khan]]
([[Interim Government of India|Interim government]])
|[[File:Liaquat_Ali_Khan.jpg|105x105px]]
|29 October 1946
|14 August 1947
|[[All-India Muslim League]]
| rowspan="1" width="4px" bgcolor="{{All-India Muslim League/meta/color}}" |
|[[Jawaharlal Nehru]](Vice President of the [[Interim Government of India|interim govt]])
|- align="center"
|2
|[[R. K. Shanmukham Chetty]]
|[[File:R._Shanmukham_Chetty.jpg|92x92px]]
|15 August 1947
|1949
| rowspan="11" |[[Indian National Congress]]
| rowspan="11" width="4px" bgcolor="{{Indian National Congress/meta/color}}" |
| rowspan="6" |[[Jawaharlal Nehru]]
|- align="center"
|3
|[[John Mathai]]
|[[File:John_Mathai.jpg|103x103px]]
|1949
|1950
|- align="center"
|4
|[[C. D. Deshmukh]]
|
|29 May 1950
|1957
|- align="center"
|5
|[[T. T. Krishnamachari]]
|
|1957
|13 February 1958
|- align="center"
|6
|[[Jawaharlal Nehru]]
|[[File:Bundesarchiv_Bild_183-61849-0001,_Indien,_Otto_Grotewohl_bei_Ministerpräsident_Nehru_cropped.jpg|120x120px]]
|13 February 1958
|13 March 1958
|- align="center"
|7
|[[Morarji Desai]]
|[[File:Morarji_Desai_(portrait).png|101x101px]]
|13 March 1958
|29 August 1963
|- align="center"
|8
|[[T. T. Krishnamachari]]
|
|29 August 1963
|1965
|Jawaharlal Nehru
[[Lal Bahadur Shastri]]
|- align="center"
|9
|[[Sachindra Chaudhuri]]
|
|1965
|13 March 1967
|Lal Bahadur Shastri
[[Indira Gandhi]]
|- align="center"
|10
|[[Indira Gandhi]]
|[[File:Indira_Gandhi_1977.jpg|106x106px]]
|1967
|1971
| rowspan="3" |[[Indira Gandhi]]
|- align="center"
|11
|[[Yashwantrao Chavan]]
|
|1971
|1975
|- align="center"
|12
|[[Chidambaram Subramaniam]]
|
|1975
|1977
|- align="center"
|13
|[[Haribhai M. Patel]]
|
|24 March 1977
|24 January 1979
| rowspan="2" |[[Janata Party]]
| rowspan="2" width="4px" bgcolor="{{Janata Party/meta/color}}" |
| rowspan="2" |[[Morarji Desai]]
|- align="center"
|14
|[[Charan Singh]]
|
|24 January 1979
|28 July 1979
|- align="center"
|15
|[[Hemvati Nandan Bahuguna]]
|
|28 July 1979
|14 January 1980
|[[Janata Party (Secular)]]
| rowspan="1" width="4px" bgcolor="{{Janata Party (Secular)/meta/color}}" |
|[[Charan Singh]]
|- align="center"
|16
|[[R. Venkataraman]]
|[[File:R_Venkataraman_(cropped).jpg|97x97px]]
|14 January 1980
|15 January 1982
| rowspan="6" |Indian National Congress
| rowspan="6" width="4px" bgcolor="{{Indian National Congress/meta/color}}" |
| rowspan="2" |[[Indira Gandhi]]
|- align="center"
|17
|[[Pranab Mukherjee]]
|[[File:Pranab_Mukherjee-World_Economic_Forum_Annual_Meeting_Davos_2009_crop(2).jpg|112x112px]]
|15 January 1982
|31 December 1984
|- align="center"
|18
|[[V. P. Singh]]
|[[File:V._P._Singh_(cropped).jpg|100x100px]]
|31 December 1984
|24 January 1987
| rowspan="4" |[[Rajiv Gandhi]]
|- align="center"
|19
|[[Rajiv Gandhi]]
|[[File:Rajiv_Gandhi_(1987).jpg|100x100px]]
|24 January 1987
|25 July 1987
|- align="center"
|20
|[[N. D. Tiwari]]
|
|25 July 1987
|25 June 1988
|- align="center"
|21
|[[Shankarrao Chavan]]
|
|25 June 1988
|2 December 1989
|- align="center"
|22
|[[Madhu Dandavate]]
|
|2 December 1989
|10 November 1990
|[[Janata Dal]]([[National Front (India)|National Front]])
| rowspan="1" width="4px" bgcolor="{{Janata Dal/meta/color}}" |
|[[V. P. Singh]]
|- align="center"
|23
|[[Yashwant Sinha]]
|[[File:Yashwant_Sinha_IMF.jpg|108x108px]]
|10 November 1990
|21 June 1991
|[[Samajwadi Janata Party (Rashtriya)|Samajwadi Janata Party]](National Front)
| rowspan="1" width="4px" bgcolor="{{Samajwadi Janata Party (Rashtriya)/meta/color}}" |
|[[Chandra Shekhar]]
|- align="center"
|24
|[[Manmohan Singh]]
|[[File:Prime_Minister_Manmohan_Singh_in_WEF_,2009_(cropped).jpg|103x103px]]
|21 June 1991
|16 May 1996
|Indian National Congress
| rowspan="1" width="4px" bgcolor="{{Indian National Congress/meta/color}}" |
|[[P. V. Narasimha Rao]]
|- align="center"
|25
|[[Jaswant Singh]]
|[[File:Jaswant_Singh_(cropped).jpg|102x102px]]
|16 May 1996
|1 June 1996
|[[Bharatiya Janata Party]]
| rowspan="1" width="4px" bgcolor="{{Bharatiya Janata Party/meta/color}}" |
|[[Atal Bihari Vajpayee]]
|- align="center"
|26
|[[P. Chidambaram]]
|[[File:Pchidambaram_(cropped).jpg|105x105px]]
|1 June 1996
|21 April 1997
|[[Tamil Maanila Congress]]([[United Front (India)|United Front]])
| rowspan="1" width="4px" bgcolor="{{Tamil Maanila Congress/meta/color}}" |
|[[H. D. Deve Gowda]]
|- align="center"
|27
|[[I.K. Gujral]]
|[[File:Inder_Kumar_Gujral_071.jpg|110x110px]]
|21 April 1997
|22 May 2004
|[[Janata Dal]](United Front)
| rowspan="1" width="4px" bgcolor="{{Janata Dal/meta/color}}" |
|[[I. K. Gujral]]
|- align="center"
|28
|[[Prem Chand Gupta]]
|
|22 May 2004
|30 November 2008
| rowspan="4" |Indian National Congress
([[United Progressive Alliance]])
| rowspan="4" width="4px" bgcolor="{{Indian National Congress/meta/color}}" |
| rowspan="4" |[[Manmohan Singh]]
|- align="center"
|29
|[[H. R. Bhardwaj]]
|
|30 November 2008
|24 January 2009
|- align="center"
|30
|[[Veerappa Moily]]
|
|26 June 2012
|31 July 2012
|- align="center"
|31
|[[Sachin Pilot]]
|
|31 July 2012
|26 May 2014
|- align="center"
|32
|[[Arun Jaitley]]
|[[File:Arun_Jaitley,_Minister.jpg|111x111px]]
|26 May 2014
|14 May 2018
| rowspan="4" |[[Bharatiya Janata Party]]([[National Democratic Alliance (India)|National Democratic Alliance]])
| rowspan="5" width="4px" bgcolor="{{Bharatiya Janata Party/meta/color}}" |
| rowspan="4" |[[Narendra Modi]]
|- align="center"
|33
|[[Piyush Goyal]]
|[[File:MoR Piyush Goyal.jpg|111x111px]]
|14 May 2018
|23 August 2018
|- align="center"
|(32)
|[[Arun Jaitley]]
|[[File:Arun_Jaitley,_Minister.jpg|111x111px]]
|23 August 2018
|30 May 2019
|- align="center"
|34
|[[Nirmala Sitharaman]]
|[[File:Smt. Nirmala Sitharaman addressing a press conference on June 28, 2021, in New Delhi (cropped).jpg|111x111px]]
|30 May 2019
|Incumbent

|}
== List of Ministers of State ==
{| class="wikitable sortable mw-collapsible style=" ;"sortable mw-collapsible"
|+Ministers of State For Corporate Affairs
! [[Minister of state]]
! Portrait
! colspan=2| Political party
! colspan="2" | Term
! Days
|-align=center
|[[Nirmala Sitharaman]]
|[[File:Nirmala Sitharaman in September 2018.jpg|100px]]
|Rowspan=4|[[Bharatiya Janata Party]]
|Rowspan=4 bgcolor=FF9933|
|26 May 2014
|9 November 2014
|{{Age in days|2014|05|26|2014|11|9}} days
|-align=center
|[[Arjun Ram Meghwal]]
|[[File:Shri Arjun Ram Meghwal taking charge as the Minister of State for Water Resources, River Development and Ganga Rejuvenation, in New Delhi on September 04, 2017.jpg|100px]]
|5 July 2016
|3 September 2017
|{{Age in days|2016|07|5|2017|9|3}} days
|-align=center
|[[P. P. Chaudhary]]
|[[File:P.P. Chaudhary delivering the inaugural address at the Plenary Session of the three-day International Competition Network Annual Conference 2018 (ICN2018), organised by the Competition Commission of India, in New Delhi.jpg|100px]]
|3 September 2017
|30 May 2019
|{{Age in days|2017|9|3|2019|05|30}} days
|-align=center
|[[Anurag Thakur]]
|[[File:Anurag Thakur.jpg|100px]]
|30 May 2019
|Incumbent
|{{Age in days|2019|05|30}} days
|}

==See also==
* [[Registrar of Companies, India]]
* [[List of company registers]]
* [[Indian Institute of Corporate Affairs]]
* [[Ministry of Cooperation (India)]]
* [[Ministry of Co-operation (India)]]

==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}}

Ministry of Corporate Affairs (India) - Revision history

Wandererkanishk: Wandererkanishk moved page Draft:Ministry of Corporate Affairs (India) to Ministry of Corporate Affairs (India)

AjmerEditor: Created page with "{{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 = ..."