The Ministry of Corporate Affairs is an Indian government ministry primarily concerned with administration of the Companies Act 2013, the Companies Act 1956, the Limited Liability Partnership Act, 2008, and the Insolvency and Bankruptcy Code, 2016. It is responsible mainly for the regulation of Indian enterprises in the industrial and services sector. The ministry is mostly run by civil servants of the ICLS cadre. These officers are elected through the Civil Services Examination conducted by Union Public Service Commission. The highest post, Director General of Corporate Affairs (DGCoA), is fixed at Apex Scale for the ICLS. The current minister 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

s amended by the Chartered Accountants (Amendment) Act, 2006 S, or s, is the nineteenth Letter (alphabet), letter in the Latin alphabet, used in the English alphabet, modern English alphabet, the alphabets of other western European languages and others worldwide. Its name in English is English alphab ...

* The Company Secretaries Act, 1980 s amended by The Company Secretaries (Amendment) Act, 200

* The Cost and Works Accountants Act, 1959 s Amended By The Cost And Works Accountants (Amendment) Act, 2006* Companies (Donation to National) Fund Act, 1951 *

The Indian Partnership Act, 1932 The Indian Partnership Act, 1932 was enacted in India in 1932. Provisions Under section 44(d) of the Act, a suit can be filed against the managing partner for dissolution of the partnership firm. THE INDIAN PARTNERSHIP ACT' 1932 Section.4 of ...

* 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 Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "language ...

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

Statutory Professional Body

* All India Management Association

Statutory Bodies

* Competition Commission of India (CCI)
Insolvency and Bankruptcy Board of India (IBBI)

Investor Education and Protection Fund Authority (IEPFA)
* National Company Law Appellate Tribunal (NCLAT) * National Company Law Tribunal (NCLT) * National Financial Reporting Authority (NFRA) *

Registrar of Companies A company register is a register of organizations in the jurisdiction they operate under. A statistical business register has a different purpose than a company register. While a commercial/trade register serves a purpose of protection, account ...

Administration

Training Academies

National Apex Bodies

Statutory Professional Body

Statutory Bodies

List of Ministers For Corporate Affairs

List of Ministers of State

See also

References

External links