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 Rao Inderjit Singh, Minister of State for Corporate Affairs
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 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. 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

The ministry administers the following acts:

• The Companies Act, 2013
• The Companies Act, 1956
• 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][1]
• 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
• 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. 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.

Training Academies

• Indian Institute of Corporate Affairs (Only for Central Civil Service Staff Training)

National Apex Bodies

• Institute of Chartered Accountant of India
• Institute of Company Secretaries of India
• Institute of Cost and Management Accountants of India
• Institution of Valuers
• All India Management Association

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)
• Registrar of Companies
• Serious Fraud Investigation Office

Attached Offices

• Serious Fraud Investigation Office(SFIO)

List of Ministers For Corporate Affairs

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		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		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		31 December 1984	24 January 1987			Rajiv Gandhi
19	Rajiv Gandhi		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		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		1 June 1996	21 April 1997	Tamil Maanila Congress(United Front)		H. D. Deve Gowda
27	I.K. Gujral		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		26 June 2012	31 July 2012
31	Sachin Pilot		31 July 2012	26 May 2014
32	Arun Jaitley		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		23 August 2018	30 May 2019
34	Nirmala Sitharaman		30 May 2019	Incumbent

List of Ministers of State

Ministers of State For Corporate Affairs

Minister of state	Portrait	Political party		Term		Days
Nirmala Sitharaman		Bharatiya Janata Party		26 May 2014	9 November 2014	167 days
Arjun Ram Meghwal				5 July 2016	3 September 2017	425 days
P. P. Chaudhary				3 September 2017	30 May 2019	634 days
Anurag Thakur				30 May 2019	7 July 2021	2067 days
Rao Inderjit Singh				7 July 2021	Incumbent	1298 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)

External links

• www.mca.gov.in