Ministry of Corporate Affairs: Difference between revisions

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{{Use dmy dates|date=July 2019}}
{{Short description|Government of India Ministry}}{{Use dmy dates|date=July 2019}}
{{Infobox government agency
{{Infobox government agency
|agency_name     = Ministry of Corporate Affairs
| agency_name = Ministry of Corporate Affairs
|seal           = Emblem_of_India.svg
| seal = Emblem_of_India.svg
|seal_width     = 70px
| seal_width = 70px
|seal_caption   = [[Emblem of India]]
| seal_caption = [[Emblem of India]]
|formed         =  
| formed =  
|preceding2     =
| preceding2 =  
|dissolved       =
| dissolved =  
|superseding     =
| superseding =  
|jurisdiction   = {{flagicon|India}}[[Republic of India]]
| jurisdiction = {{flagicon|India}}[[Republic of India]]
|headquarters   = Shastri Bhawan, [[New Delhi]]
| headquarters = Shastri Bhawan, [[New Delhi]]
|coordinates     = {{coord|28|36|50|N|77|12|32|E|type:landmark|display=inline}}
| coordinates = {{coord|28|36|50|N|77|12|32|E|type:landmark|display=inline}}
|employees       =  
| employees =  
|budget         =
| budget =  
|chief1_name     = [[Nirmala Sitharaman]]
| chief1_name = [[Nirmala Sitharaman]]
|chief1_position = Minister of Corporate Affairs
| chief1_position = Minister of Corporate Affairs
|chief2_name     = [[Anurag Thakur]]
| 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
| 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]]
| 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/}}
|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=}}
| logo =  
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]].
| 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>{{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==
Line 34: Line 50:
* [[The Companies Act, 1956]]
* [[The Companies Act, 1956]]
* [[Insolvency and Bankruptcy Code, 2016|Insolvency And Bankruptcy Code, 2016]]
* [[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 Competition Act, 2002]]
* The Monopolies and Restrictive Trade Practices Act 1969  
* The Monopolies and Restrictive Trade Practices Act, 1969
* [[The Chartered Accountants Act, 1949]] [As amended by the Chartered Accountants (Amendment) Act, 2006]  
* [[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]
* 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]
* The Cost and Works Accountants Act, 1959 [As Amended By The Cost And Works Accountants (Amendment) Act, 2006]
* Companies (Donation to National) Fund Act 1951  
* Companies (Donation to National) Fund Act, 1951
* [[The Indian Partnership Act, 1932]]
* [[The Indian Partnership Act, 1932]]
* Societies Registration Act 1860  
* Societies Registration Act, 1860
* The Companies Amendment Act, 2006
* The Companies Amendment Act, 2006
* [[The Limited liability Partnership Act, 2008]]
* [[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>
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>
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(IICA)]]
*[[Indian Institute of Corporate Affairs|Indian Institute of Corporate Affairs]] (Only for [[Civil Service|Central Civil Service Staff Training]])
* [[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)]]
==National Apex Bodies==
*[[Institute of Cost Accountants of India|Institute of Cost and Management Accountants of India(ICMAI)]]
* [[Institute of Chartered Accountants of India|Institute of Chartered Accountant of India]]
*[[Institution of Valuers|Institution of Valuers(IOV)]]
* [[Institute of Company Secretaries of India|Institute of Company Secretaries of India]]
*[[Institute of Cost Accountants of India|Institute of Cost and Management Accountants of India]]
*[[Institution of Valuers|Institution of Valuers]]
*[[All India Management Association]]


== Statutory Bodies ==
== Statutory Bodies ==
Line 65: Line 84:
* [[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 ==
Line 70: Line 91:
* [[Serious Fraud Investigation Office|Serious Fraud Investigation Office(SFIO)]]
* [[Serious Fraud Investigation Office|Serious Fraud Investigation Office(SFIO)]]


==Ministers==
== List of Ministers For Corporate Affairs ==
{| class="wikitable" style="text-align:center"
{| class="wikitable" style="width:69.75%;"
|-
!n
! Name
!Name
! colspan=2|Term of office
! width="75" |Portrait
! colspan=2| Party
! colspan="2" |Term of office
! Prime Minister
! colspan="2" |Political party
|-
<small>(Alliance)</small>
| [[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>
! colspan="2" |Prime Minister
| 13 March 1967
|- align="center"
| 27 June 1970
|1
| rowspan=3| [[Indian National Congress]]
|[[Liaquat Ali Khan]]  
|width="4px" bgcolor="{{Indian National Congress/meta/color}}" rowspan=3|
([[Interim Government of India|Interim government]])
| rowspan=3| [[Indira Gandhi]]  
|[[File:Liaquat_Ali_Khan.jpg|105x105px]]
|-
|29 October 1946
| [[H. R. Gokhale]]  
|14 August 1947
| 05 February 1973
|[[All-India Muslim League]]
| 24 March 1977
| rowspan="1" width="4px" bgcolor="{{All-India Muslim League/meta/color}}" |
|-
|[[Jawaharlal Nehru]]<small>(Vice President of the [[Interim Government of India|interim govt]])</small>
|[[K. Brahmananda Reddy]]
|- align="center"
|03 February 1977
|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 March 1977
|-
|24 January 1979
| [[Shanti Bhushan]]
| rowspan="2" |[[Janata Party]]
| 26 March 1977
| rowspan="2" width="4px" bgcolor="{{Janata Party/meta/color}}" |
| 28 July 1979
| rowspan="2" |[[Morarji Desai]]
| [[Janata Party]]
|- align="center"
|width="4px" bgcolor="{{Janata Party/meta/color}}" rowspan=1|
|14
| [[Morarji Desai]]
|[[Charan Singh]]
|-|10
|
| [[Hans Raj Khanna]]
|24 January 1979
| 30 July 1979
|28 July 1979
| 03 August 1979
|- align="center"
| rowspan=2|[[Janata Party (Secular)]]
|15
|width="4px" bgcolor="{{Janata Party (Secular)/meta/color}}" rowspan=2|
|[[Hemvati Nandan Bahuguna]]
| rowspan=2|[[Charan Singh]]
|
|-
|28 July 1979
| [[S. N. Kacker]]
|14 January 1980
| 03 August 1979
|[[Janata Party (Secular)]]
| 14 January 1980
| rowspan="1" width="4px" bgcolor="{{Janata Party (Secular)/meta/color}}" |
|-
|[[Charan Singh]]
|[[P. Shiv Shankar]]
|- align="center"
|14 January 1980  
|16
| 15 January 1982
|[[R. Venkataraman]]
| rowspan=7| [[Indian National Congress]]
|[[File:R_Venkataraman_(cropped).jpg|97x97px]]
|width="4px" bgcolor="{{Indian National Congress/meta/color}}" rowspan=7|
|14 January 1980
| rowspan=2| [[Indira Gandhi]]  
|15 January 1982
|-
| rowspan="6" |Indian National Congress
|[[Jagannath Kaushal]]
| 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
|15 January 1982
|31 October 1984
|-
|[[Kotla Vijaya Bhaskara Reddy]]
|04 November 1984
|31 December 1984
|31 December 1984
| rowspan=3| [[Rajiv Gandhi]]
|- 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]]
|[[Rajiv Gandhi]]
|31 December 1984
|[[File:Rajiv_Gandhi_(1987).jpg|100x100px]]
|14 January 1985
|24 January 1987
|-  
|25 July 1987
|[[Veerendra Patil]]
|- align="center"
|14 January 1985
|20
|25 September 1985
|[[N. D. Tiwari]]
|-  
|
|[[Kotla Vijaya Bhaskara Reddy]]
|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]]<small>([[National Front (India)|National Front]])</small>
| 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]]<small>(National Front)</small>
| 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
|21 June 1991
|09 October 1992
|16 May 1996
| rowspan=2| [[P. V. Narasimha Rao]]
|Indian National Congress
|-
| rowspan="1" width="4px" bgcolor="{{Indian National Congress/meta/color}}" |
|[[P. V. Narasimha Rao]]
|[[P. V. Narasimha Rao]]
|09 October 1992
|- align="center"
|25
|[[Jaswant Singh]]
|[[File:Jaswant_Singh_(cropped).jpg|102x102px]]
|16 May 1996
|16 May 1996
|-
|1 June 1996
|[[Ram Jethmalani]]
|[[Bharatiya Janata Party]]
|16 May 1996
| rowspan="1" width="4px" bgcolor="{{Bharatiya Janata Party/meta/color}}" |
|01 June 1996
|[[Atal Bihari Vajpayee]]
|rowspan="1"| [[Bharatiya Janata Party]]
|- align="center"
|width="4px" bgcolor="{{Bharatiya Janata Party/meta/color}}" rowspan=1|
|26
|rowspan="1"| [[Atal Bihari Vajpayee]]
|[[P. Chidambaram]]
|-
|[[File:Pchidambaram_(cropped).jpg|105x105px]]
| [[P. Chidambaram]]  
|1 June 1996
| 01 June 1996
|21 April 1997
| 26 July 1996
|[[Tamil Maanila Congress]]<small>([[United Front (India)|United Front]])</small>
| rowspan=1| [[Tamil Maanila Congress]]<br> <small>([[United Front (India)|United Front]])</small>
| rowspan="1" width="4px" bgcolor="{{Tamil Maanila Congress/meta/color}}" |
|width="4px" bgcolor="{{Tamil Maanila Congress/meta/color}}" rowspan=1|
|[[H. D. Deve Gowda]]
| rowspan=1| [[H. D. Deve Gowda]]
|- align="center"
|-
|27
| [[M. Thambidurai]]
|[[I.K. Gujral]]
| 18 March 1998
|[[File:Inder_Kumar_Gujral_071.jpg|110x110px]]
| 08 April 1999
|21 April 1997
| rowspan=1| [[All India Anna Dravida Munnetra Kazhagam]]<br><small>([[National Democratic Alliance (India)|National Democratic Alliance]])</small>
|22 May 2004
|width="4px" bgcolor="{{All India Anna Dravida Munnetra Kazhagam/meta/color}}" rowspan=1|
|[[Janata Dal]]<small>(United Front)</small>
| rowspan=5| [[Atal Bihari Vajpayee]]
| rowspan="1" width="4px" bgcolor="{{Janata Dal/meta/color}}" |
|-
|[[I. K. Gujral]]
| [[P R Kumaramangalam]]
|- align="center"
|09 April 1999
|28
|08 June 1999
|[[Prem Chand Gupta]]
| rowspan=1| [[Bharatiya Janata Party]]<br><small>([[National Democratic Alliance (India)|National Democratic Alliance]])</small>
|
|width="4px" bgcolor="{{Bharatiya Janata Party/meta/color}}" rowspan=1|
|-
|[[Ram Jethmalani]]
|08 June 1999
|23 July 2000
|rowspan="1"|[[Independent politician|Independent]]<br /><small>([[National Democratic Alliance (India)|National Democratic Alliance]])</small>
|width="4px" bgcolor="{{Independent/meta/color}}" rowspan=1|
|-
|[[Arun Jaitley]] <br>''(MoS, Independent Charge till 07 November 2000)''
|24 July 2000
|01 July 2002
| rowspan=2| [[Bharatiya Janata Party]]<br><small>([[National Democratic Alliance (India)|National Democratic Alliance]])</small>
|width="4px" bgcolor="{{Bharatiya Janata Party/meta/color}}" rowspan=2|
|-
|[[Jaswant Singh]]
|01 July 2002
|22 May 2004
|22 May 2004
|-
|30 November 2008
| [[Prem Chand Gupta]] <br>''(MoS, Independent Charge till 29 January 2006)''
| rowspan="4" |Indian National Congress
| 23 May 2004
<small>([[United Progressive Alliance]])</small>
| 09 May 2007
| rowspan="4" width="4px" bgcolor="{{Indian National Congress/meta/color}}" |
| rowspan=2| [[Rashtriya Janata Dal]]<br><small>([[United Progressive Alliance]])</small>
| rowspan="4" |[[Manmohan Singh]]
|width="4px" bgcolor="{{Rashtriya Janata Dal/meta/color}}" rowspan=2|
|- align="center"
| rowspan=6| [[Manmohan Singh]]
|29
|-
|[[H. R. Bhardwaj]]
| [[Prem Chand Gupta]] <br>'' (Corporate Affairs)''
|[[File:Hans Raj Bhardwaj.png|111x111px]]
| 09 May 2007
|30 November 2008
| 22 May 2009
|24 January 2009
|-  
|- align="center"
| [[Salman Khurshid]] <br>''(MoS, Independent Charge)''
|30
| 28 May 2009
|[[Veerappa Moily]]
| 19 January 2011
|[[File:Veerappa Moily BNC.jpg|111x111px]]
| rowspan=4| [[Indian National Congress]]<br><small>([[United Progressive Alliance]])</small>
|26 June 2012
|width="4px" bgcolor="{{Indian National Congress/meta/color}}" rowspan=4|
|31 July 2012
|-
|- align="center"
| [[Murli Deora]]  
|31
| 19 January 2011
|[[Sachin Pilot]]
| 12 July 2011
|[[File:Sachin Pilot at the India Economic Summit 2010 cropped.jpg| 111x111px]]
|-
|31 July 2012
| [[M. Veerappa Moily]]
|26 May 2014
| 12 July 2011
|- align="center"
|  28 October 2012
|32
|-
|[[Arun Jaitley]]
|[[Sachin Pilot]] <br>''(MoS, Independent Charge)''
|[[File:Arun_Jaitley,_Minister.jpg|111x111px]]
| 28 October 2012
|26 May 2014
| 26 May 2014
|14 May 2018
|-
| rowspan="4" |[[Bharatiya Janata Party]]<small>([[National Democratic Alliance (India)|National Democratic Alliance]])</small>
| [[Arun Jaitley]]  
| rowspan="5" width="4px" bgcolor="{{Bharatiya Janata Party/meta/color}}" |
| 26 May 2014
| rowspan="4" |[[Narendra Modi]]
|- align="center"
|33
|[[Piyush Goyal]]
|[[File:MoR Piyush Goyal.jpg|111x111px]]
|14 May 2018
|14 May 2018
| rowspan=6| [[Bharatiya Janata Party]]<br><small>([[National Democratic Alliance (India)|National Democratic Alliance]])</small>
|23 August 2018
|width="4px" bgcolor="{{Bharatiya Janata Party/meta/color}}" rowspan=6|
|- align="center"
| rowspan=6| [[Narendra Modi]]
|(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=5|[[Bharatiya Janata Party]]
|Rowspan=5 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
|7 July 2021
|{{Age in days|2019|05|30}} days
|-
|-
| [[Piyush Goyal]]
|-align=center
| 14 May 2018
|[[Rao Inderjit Singh]]
|22 August 2018
|[[File:Shri Inderjit Singh Rao taking charge as the Minister of State (Independent Charge) for Planning, in New Delhi on May 27, 2014.jpg|100px]]
|-  
|7 July 2021
| [[Arun Jaitley]]
|Incumbent
| 23 August 2018
|{{Age in days|2021|07|07}} days
| 22 January 2019
|-
| [[Piyush Goyal]]
| 23 January 2019
| 15 February 2019
|-
| [[Arun Jaitley]]
| 15 February 2019
| 30 May 2019
|-
|[[Nirmala Sitharaman]]
| 30 May 2019
|  
|}
|}


Line 248: Line 407:
* [[List of company registers]]
* [[List of company registers]]
* [[Indian Institute of Corporate Affairs]]
* [[Indian Institute of Corporate Affairs]]
* [[Ministry of Cooperation (India)]]
* [[Ministry of Co-operation (India)]]


==References==
==References==

Latest revision as of 10:26, 9 November 2021


Ministry of Corporate Affairs
Emblem of India
Agency overview
JurisdictionIndiaRepublic of India
HeadquartersShastri Bhawan, New Delhi
28°36′50″N 77°12′32″E / 28.61389°N 77.20889°E / 28.61389; 77.20889
Agency executives
Websitewww.mca.gov.in

The Ministry of Corporate Affairs is an Indian government 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.[1] It is responsible mainly for regulation of Indian enterprises in Industrial and Services sector. Ministry is mostly served by the civil servants of the 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[edit | edit source]

The ministry administers the following acts:

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.[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]

Training Academies[edit | edit source]

National Apex Bodies[edit | edit source]

Statutory Bodies[edit | edit source]

Attached Offices[edit | edit source]

List of Ministers For Corporate Affairs[edit | edit source]

n Name Portrait Term of office Political party

(Alliance)

Prime Minister
1 Liaquat Ali Khan

(Interim government)

29 October 1946 14 August 1947 All-India Muslim League Jawaharlal Nehru(Vice President of the interim govt)
2 R. K. Shanmukham Chetty Error creating thumbnail: File missing 15 August 1947 1949 Indian National Congress Jawaharlal Nehru
3 John Mathai 1949 1950
4 C. D. Deshmukh 29 May 1950 1957
5 T. T. Krishnamachari 1957 13 February 1958
6 Jawaharlal Nehru Error creating thumbnail: File missing 13 February 1958 13 March 1958
7 Morarji Desai 13 March 1958 29 August 1963
8 T. T. Krishnamachari 29 August 1963 1965 Jawaharlal Nehru

Lal Bahadur Shastri

9 Sachindra Chaudhuri 1965 13 March 1967 Lal Bahadur Shastri

Indira Gandhi

10 Indira Gandhi 1967 1971 Indira Gandhi
11 Yashwantrao Chavan 1971 1975
12 Chidambaram Subramaniam 1975 1977
13 Haribhai M. Patel 24 March 1977 24 January 1979 Janata Party Morarji Desai
14 Charan Singh 24 January 1979 28 July 1979
15 Hemvati Nandan Bahuguna 28 July 1979 14 January 1980 Janata Party (Secular) Charan Singh
16 R. Venkataraman 14 January 1980 15 January 1982 Indian National Congress Indira Gandhi
17 Pranab Mukherjee 15 January 1982 31 December 1984
18 V. P. Singh Error creating thumbnail: File missing 31 December 1984 24 January 1987 Rajiv Gandhi
19 Rajiv Gandhi Error creating thumbnail: File missing 24 January 1987 25 July 1987
20 N. D. Tiwari 25 July 1987 25 June 1988
21 Shankarrao Chavan 25 June 1988 2 December 1989
22 Madhu Dandavate 2 December 1989 10 November 1990 Janata Dal(National Front) V. P. Singh
23 Yashwant Sinha 10 November 1990 21 June 1991 Samajwadi Janata Party(National Front) Chandra Shekhar
24 Manmohan Singh Error creating thumbnail: File missing 21 June 1991 16 May 1996 Indian National Congress P. V. Narasimha Rao
25 Jaswant Singh 16 May 1996 1 June 1996 Bharatiya Janata Party Atal Bihari Vajpayee
26 P. Chidambaram Error creating thumbnail: File missing 1 June 1996 21 April 1997 Tamil Maanila Congress(United Front) H. D. Deve Gowda
27 I.K. Gujral Error creating thumbnail: File missing 21 April 1997 22 May 2004 Janata Dal(United Front) I. K. Gujral
28 Prem Chand Gupta 22 May 2004 30 November 2008 Indian National Congress

(United Progressive Alliance)

Manmohan Singh
29 H. R. Bhardwaj 30 November 2008 24 January 2009
30 Veerappa Moily Error creating thumbnail: File missing 26 June 2012 31 July 2012
31 Sachin Pilot 31 July 2012 26 May 2014
32 Arun Jaitley Error creating thumbnail: File missing 26 May 2014 14 May 2018 Bharatiya Janata Party(National Democratic Alliance) Narendra Modi
33 Piyush Goyal 14 May 2018 23 August 2018
(32) Arun Jaitley Error creating thumbnail: File missing 23 August 2018 30 May 2019
34 Nirmala Sitharaman Error creating thumbnail: File missing 30 May 2019 Incumbent

List of Ministers of State[edit | edit source]

Ministers of State For Corporate Affairs
Minister of state Portrait Political party Term Days
Nirmala Sitharaman Error creating thumbnail: File missing Bharatiya Janata Party 26 May 2014 9 November 2014 167 days
Arjun Ram Meghwal Error creating thumbnail: File missing 5 July 2016 3 September 2017 425 days
P. P. Chaudhary 3 September 2017 30 May 2019 634 days
Anurag Thakur Error creating thumbnail: File missing 30 May 2019 7 July 2021 2640 days
Rao Inderjit Singh Error creating thumbnail: File missing 7 July 2021 Incumbent 1871 days

See also[edit | edit source]

References[edit | edit source]

  1. ↑ "About MCA".
  2. ↑ Jen Swanson (15 August 2013). "India Seeks to Overhaul a Corporate World Rife With Fraud" ("Dealbook" blog). The New York Times. Retrieved 16 August 2013.
  3. ↑ "Parliament passes Companies Bill 2012(Update)". Yahoo! News India. ANI. 8 August 2013. Retrieved 16 August 2013.
  4. ↑ "MCA draft - Ministry Of Corporate Affairs".
  5. ↑ "Second Round of Consultations on the Revised Version of National Competition Policy Begins Tomorrow".

External links[edit | edit source]


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