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Question
Explain the following term/ concept:
Ministry of Corporate Affairs (MCA).
Solution
(1) the overall responsibility for the enforcement of Company Law in India lies with the Central Government. It acts through the Ministry of Corporate Affairs. To enable smooth functioning, the Central Government has delegated its power to Ministry of Corporate Affairs (MCA) to regulate the functioning of the corporate sector. It is headed by the Minister of Corporate Affairs and assisted by the Minister of State of Corporate Affairs.
(2) Main function of MCA is to administer the Companies Act, 2013, the Partnership Act, 1932, the Limited Liability Partnership Act, 2008, the Competition Act, 2002 and the Societies Regulation Act, 1860. MCA also supervises professional bodies such as Institute of Chartered Accountants of India (ICAI), Institute of Company Secretaries of India (ICSI) and Institute of Cost Accountants of India.
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RELATED QUESTIONS
Select the correct answer from the options given below and rewrite the statement.
_________ is the main authority to regulate the administration of Companies Act, 2013 in India.
Select the correct answer from the options given below and rewrite the statement.
The headquarters of MCA is at __________.
To administer the provisions of the Companies Act, 2013 is the objective of ______.
Write a word or a term or a phase which can substitute for the following:
The main authority concerned with administration of Companies Act.
Write a word or a term or a phase which can substitute for the following:
Organization responsible for administering Companies Act and regulating professional bodies like ICAI, ICSI, etc.
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MCA has no supervisory authority over professional bodies like ICSI, ICAI, etc.
Complete the sentence.
Administration of Companies Act and other Laws related to corporate world is the responsibility of _______
Select the correct option form the bracket.
| Group ‘A’ | Group ‘B’ |
| MCA | ______________ |
Answer in brief:
What are the objectives of MCA?
Justify the following statement:
The MCA was set up by central government to fulfill certain objectives
Justify the following statement:
The companies act, 2013 has given certain to fulfill certain objective
Attempt the following:
Write a letter to MCA with regard to ticket raising
