Explain the following concept: Ministry of Corporate Affairs (MCA)
Explain the following concept:
Ministry of Corporate Affairs (MCA)
5 views
1 Answers
- The MCA is primarily concerned with the administration of the Companies Act, 2013.
- The MCA is responsible to prevent practices from having an adverse effect on competition, to promote and sustain competition in markets.
- MCA supervises certain professional bodies like the Institute of Chartered Accountants of India. (ICAI), Institute of Company Secretaries of India (ICSI), Institute of Cost Accountants of India.
- It works with the help of Regional Directors, ROC, and Official Liquidator.
5 views
Answered