Ministry of Corporate Affairs

Ministry of Corporate Affairs

Emblem of India
Agency overview
Jurisdiction	Republic of India
Headquarters	Shastri Bhawan, New Delhi 28°36′50″N 77°12′32″E
Agency executives	Nirmala Sitharaman, Minister of Corporate Affairs Anurag Thakur, Minister of State for Corporate Affairs
Child agencies	Registrar of Companies Serious Fraud Investigation Office (SFIO) Indian Institute of Corporate Affairs (IICA) Competition Commission of India National Company Law Tribunal (NCLT) National Company Law Appellate Tribunal (NCLAT)
Website	www.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 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. 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 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
• 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. It replaces The Companies Act, 1956 which has proven outmoded in terms of handling 21st century problems.

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.

Autonomous Bodies

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

Statutory Bodies

• Insolvency and Bankruptcy Board of India(IBBI)
• National Company Law Tribunal(NCLT)
• National Company Law Appellate Tribunal(NCLAT)
• Investor Education and Protection Fund Authority(IEPFA)
• National Financial Reporting Authority(NFRA)
• Competition Commission of India(CCI)

Attached Offices

• Serious Fraud Investigation Office(SFIO)

Ministers

Name	Term of office		Party		Prime Minister
Fakhruddin Ali Ahmed	13 March 1967	27 June 1970	Indian National Congress		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		Morarji Desai
Hans Raj Khanna	30 July 1979	03 August 1979	Janata Party (Secular)		Charan Singh
S. N. Kacker	03 August 1979	14 January 1980
P. Shiv Shankar	14 January 1980	15 January 1982	Indian National Congress		Indira Gandhi
Jagannath Kaushal	15 January 1982	31 October 1984
Kotla Vijaya Bhaskara Reddy	04 November 1984	31 December 1984			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			P. V. Narasimha Rao
P. V. Narasimha Rao	09 October 1992	16 May 1996
Ram Jethmalani	16 May 1996	01 June 1996	Bharatiya Janata Party		Atal Bihari Vajpayee
P. Chidambaram	01 June 1996	26 July 1996	Tamil Maanila Congress (United Front)		H. D. Deve Gowda
M. Thambidurai	18 March 1998	08 April 1999	All India Anna Dravida Munnetra Kazhagam (National Democratic Alliance)		Atal Bihari Vajpayee
P R Kumaramangalam	09 April 1999	08 June 1999	Bharatiya Janata Party (National Democratic Alliance)
Ram Jethmalani	08 June 1999	23 July 2000	Independent (National Democratic Alliance)
Arun Jaitley (MoS, Independent Charge till 07 November 2000)	24 July 2000	01 July 2002	Bharatiya Janata Party (National Democratic Alliance)
Jaswant Singh	01 July 2002	22 May 2004
Prem Chand Gupta (MoS, Independent Charge till 29 January 2006)	23 May 2004	09 May 2007	Rashtriya Janata Dal (United Progressive Alliance)		Manmohan Singh
Prem Chand Gupta (Corporate Affairs)	09 May 2007	22 May 2009
Salman Khurshid (MoS, Independent Charge)	28 May 2009	19 January 2011	Indian National Congress (United Progressive Alliance)
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	Bharatiya Janata Party (National Democratic Alliance)		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

External links

• www.mca.gov.in