Ministry of Corporate Affairs (MCA)

Primary Responsibilities

Apart from the regulation of corporate affairs, the Ministry is involved in:

  • Administering the Competition Act of 2002 to prevent practices that adversely affect competition, promote and sustain competition in markets, and to safeguard consumer interests through the Commission established under the Act
  • Supervising the three professional bodies, namely the Institute of Chartered Accountants of India (ICAI), Institute of Company Secretaries of India (ICSI), and the Institute of Cost Accountants of India (ICAI), established under the different Acts of Parliament.
  • Executing the functions of the Central Government with respect to the administration of Partnership Act, 1932, the Companies (Donations to National Funds) Act, 1951 and the Societies Registration Act, 1980.

Umbrella of Acts

MCA governs the following corporate provisions:

  • Companies Act, 1956
  • Companies Act, 2013
  • Limited Liability Partnership Act, 2008
  • Insolvency and Bankruptcy Code, 2016
  • Competition Act, 2002
  • Partnership Act, 1932
  • Chartered Accountants Act, 1949
  • Cost and Works Accountant Act
  • Company Secretaries Act, 1980
  • Societies Registration Act, 1860
  • Companies (Donation to National Fund) Act, 1951
  • Accounting Standards and other circulars