GOVERNMENT OF INDIA
MINISTRY OF
CORPORATE AFFAIRS
INDUCTION MATERIAL
(Prepared by Coordination Section)
(Corrected upto 31st March, 2017)
S.No. Description
An Overview
Functions of Sections/Cells/Units
1. Administration –I
2. Administration –II
3. Administration-Ill
4. Administration-IV
5. Budget
6. Company Law –I
7. Company Law – II
8. Company Law– III
9. Company Law-IV( Legal)
10. Company Law-V(Policy)
11. Company Law–VI’
12. Cash
13. Competition
14. Coordination
15. Cost Audit Branch
16. CSR Cell
17. E-Governance
18. General
19. Indian Institute of Corporate Affairs
20. Infrastructure
21. Internal Finance Division
22. International Cooperation
23. Insolvency
24. Investor Grievances Management Cell
25. Investor Education Protection Fund
26. Library
27. Official Language
28. Parliament Section
29. Professional Institutions
30. Research & Analysis Division
31. Statistics Division
32. Vigilance
33. Organization Chart of Ministry
A. MINISTRY OF CORPORATE AFFAIRS (MCA) – AN OVERVIEW
1. BRIEF PROFILE
1.1 The vision of the Ministry is ‘sustained corporate growth with enlightened regulation’.
1.2 The Department of Company Affairs was first constituted in 1950s. It remained either a Department or a part of Ministry of Law, Ministry of Finance or Ministry of Commerce till 2004. It became a Ministry in 2004 and acquired its present name in May 2007. Under the Government of India (Allocation of Business) Rules 1961, following subjects are assigned to the Ministry:-
(i) Administration of the Companies Act, 1956/2013.
(ii) Administration of the Companies (Donation of National Funds) Act, 1951 (54 of 1951)
(iii) Administration of the Monopolies and Restrictive Trade Practices Act, 1969 [(54 of 1969) Only residual matters]
(iv) Monopolies and Restrictive Trade Practices Commission. (Only residual matters)
(v) Professions of Accountancy [(The Chartered Accountants Act, 1949(38 of 1949)]; Profession of Costs and Works Accountancy [The Cost and Works Accountants Act, 1959 (23 of 1959)]; Profession of Company Secretaries [The Company Secretaries Act, 1980 (56 of 1980)].
(vi) Collection of statistics relating to companies.
(vii) Legislation relating to law of Partnership and the exercise of certain functions under Chapter VII of the Indian Partnership Act, 1932 (9 of 1932) in centrally administered areas. (The administration of the Act vests with the State Governments).
(viii) The responsibility of the Centre relating to matters concerning centrally administered areas. (The administration of the Act vests with the State Governments)
(ix) Legislation in relation to registration of societies and exercise of functions under the Societies Registration Act, 1860 (21 of 1860) in centrally administered areas.
(x) Competition Commission of India. The Competition Act, 2000 (12 of 2003)
(xi) Serious Fraud Investigation Office.
(xii) Administration of Insolvency & Bankruptcy Code.
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