Corporate Affairs
            THE Ministry of Corporate Affairs (MCA) is primarily concerned with administration of
      the Companies Act 2013, the Companies Act 1956, the Limited Liability Partnership Act, 2008
      and other allied Acts and rules and regulations framed there-under mainly for regulating the
      functioning of the corporate sector. The Ministry is also responsible for administering the
      Competition Act, 2002 to prevent practices having adverse effect on competition, to promote and
      sustain competition in markets, to protect the interests of consumers through the commission set
      up under the Act.
            Besides, it exercises supervision over the three professional bodies, namely, Institute of
      Chartered Accountants of India (ICAI), Institute of Company Secretaries of India (ICSI) and the
      Institute of Cost Accountants of India (ICAI) which are constituted under three separate Acts of
      the Parliament for proper and orderly growth of the professions concerned. The Ministry also has
      the responsibility of carrying out the functions of the Central government relating to
      administration of Partnership Act, 1931, the Companies (Donations to National Funds) Act, 1951
      and Societies Registration Act, 1980.
      Relevant Website: www.mca.gov.in
      Administrative Structure
            The Ministry has a three tier organizational structure with the headquarters at New Delhi,
      seven offices of Regional Directors (RDs) at Ahmedabad, Chennai, Hyderabad, Kolkata,
      Mumbai, New Delhi and Shillong, fifteen Registrars of Companies (RoCs), fourteen Official
      Liquidators (OLs) and nine RoC-cum-OLs in states and union territories.
            The jurisdictional Registrars of companies, continue to have jurisdiction over the companies
      incorporated by the Registrar, CRC under the Companies Act, 2013 for all other provisions of
      the Act and the rules made thereunder, which may be relevant after incorporation. The Official
      Liquidators function under the overall administrative control of the Ministry, and are attached to
      corresponding High Courts. They are mainly responsible for implementing court orders
      regarding liquidation and final dissolution of the companies.
      Central Registration Centre
            The project to transform the processing of company incorporation, e-forms was undertaken
      with one clear objective, i.e., applications for name reservation and incorporation of a company
      could be processed and completed within D+1 days (D=Date of Payment Confirmation) in line
      with global best practices. The MCA rolled out the first phase of Central Registration Centre
      (CRC) in 2016 for processing name reservation of applicants and second phase of CRC for
      processing incorporation of company applicants in 2016. The Government Process Re-
      engineering (GPR) exercise is in pursuance of the Ministry’s objective of providing greater
      “Ease of Doing Business” to all the stakeholders and has resulted in faster processing of
      incorporation related applications, uniformity in application of rules, and eradicating discretion.
            The time taken for processing company incorporation applications has been reduced