Ministry of Corporate Affairs (India)
Encyclopedia
The Ministry of Company Affairs (MCA) is an Indian government
Government of India
The Government of India, officially known as the Union Government, and also known as the Central Government, was established by the Constitution of India, and is the governing authority of the union of 28 states and seven union territories, collectively called the Republic of India...

 ministry
Ministry (government department)
A ministry is a specialised organisation responsible for a sector of government public administration, sometimes led by a minister or a senior public servant, that can have responsibility for one or more departments, agencies, bureaus, commissions or other smaller executive, advisory, managerial or...

. It is charged with administering the Companies Act
Companies Act
Companies Act is a stock short title used for legislation in the United Kingdom and South Africa relating to company law....

 1956 and other acts related to India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...

n private sector
Private sector
In economics, the private sector is that part of the economy, sometimes referred to as the citizen sector, which is run by private individuals or groups, usually as a means of enterprise for profit, and is not controlled by the state...

. It is responsible mainly for regulation
Regulation
Regulation is administrative legislation that constitutes or constrains rights and allocates responsibilities. It can be distinguished from primary legislation on the one hand and judge-made law on the other...

 of Indian enterprises in Industrial and Services sector. The current minister of corporate affairs is Veerappa Moily
Veerappa Moily
Moodbidri Veerappa Moily is the current Minister of Corporate Affairs in the Indian government. Moily was elected as MP of the Chickballapur district by a wide margin in 2009. He currently serves as the All India Congress Committee General Secretary in charge of Andhra Pradesh...

. The previous minister was Murli Deora
Murli Deora
Murli Deora was the Union Minister of Corporate Affairs Until 12 July 2011. He belongs to Deora Chauhan Rajput community.-Early life:He was born in Mumbai, and did his BA from Mumbai University.Native Place of Murli Deora is lakshmangahr...

.

The ministry administers the following acts:
  • The Companies Act 1956
    Companies Act 1956
    The Companies Act 1956 is an Act of the Parliament of India, enacted in 1956, which enabled companies to be formed by registration, and set out the responsibilities of companies, their directors and secretaries....

     (basic law governing the creation, existence, and dissolution of companies, and the relationships between the shareholder
    Shareholder
    A shareholder or stockholder is an individual or institution that legally owns one or more shares of stock in a public or private corporation. Shareholders own the stock, but not the corporation itself ....

    s, the company, the public, and the government.
  • 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]
  • Cost and Works Accountants Act 1959 [As Amended By The Cost And Works Accountants (Amendment) Act, 2006]
  • Companies (Donation to National) Fund Act 1951
  • Partnership Act 1932
  • Societies Registration Act 1860
  • The Companies Amendment Act, 2006

External links

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