Ministry of Corporate Affairs

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Ministry of Corporate Affairs
Emblem of India.svg
Agency overview
Jurisdiction Government of India
Headquarters Shastri Bhawan
, New Delhi
28°36′50″N 77°12′32″E / 28.61389°N 77.20889°E / 28.61389; 77.20889
Agency executive Arun Jaitley, Minister of Corporate Affairs
Child agencies Registrar of Companies
Serious Fraud Investigation Office (SFIO)
Securities and Exchange Board of India
Competition Commission of India
Company Law Board
Website www.mca.gov.in

The Ministry of Company Affairs (MCA) is an Indian government ministry. It is charged with administering the The Companies Act, 1956 and other acts related to Indian private sector. It is responsible mainly for regulation of Indian enterprises in Industrial and Services sector. The current minister of corporate affairs is Arun Jaitley.

Adminsitration[edit]

The ministry administers the following acts:

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.[1] It replaces The Companies Act, 1956 which has proven outmoded in terms of handling 21st century problems.[2]

See also[edit]

Notes and references[edit]

  1. ^ Jen Swanson (August 15, 2013). "India Seeks to Overhaul a Corporate World Rife With Fraud" ("Dealbook" blog). The New York Times. Retrieved August 16, 2013. 
  2. ^ "Parliament passes Companies Bill 2012(Update)". Yahoo! News India. ANI. 8 Aug 2013. Retrieved 16 Aug 2013. 

External links[edit]