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Question
Answer in brief:
What are the objectives of MCA?
Solution
The objectives of Ministry of Corporate Affairs (MCA):
(1) To administer and enforce the provisions of the Companies Act, 2013 and other allied laws and Acts to enable the business organisations to do their business more easily and efficiently.
(2) To trace and identify quickly non-compliance of the provisions made in the Companies Act. 2013.
(3) To encourage various companies to Improve Corporate Governance and adopt responsible and fair business practices.
(4) To avoid and penalise unfair trade practices and to promote fair competition.
(5) To make available the corporate data to the public, investors, and other stakeholders.
(6) To offer various services to the stakeholders and protect their interest and safeguard their rights.
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_________ is the main authority to regulate the administration of Companies Act, 2013 in India.
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The MCA was set up by central government to fulfill certain objectives
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