Question

Q3. Which of the following are administered by the Ministry of Corporate Affairs (MCA)?

1. Companies Act, 2013

2. The Insolvency and Bankruptcy Code, 2016

3. India trade portal

4. The Bureau of Indian Standards Act, 2016

Select the correct answer using the code given below.

• A. (a) Only 1 and 2
• B. (b) Only 1, 3 and 4
• C. (c) Only 3 and 4
• D. (d) Only 1, 2 and 3

Answer 1

The correct option is A

(a) Only 1 and 2

The Ministry of Corporate Affairs (MCA) administers the following Acts of the Central Government: (i)

Companies Act, 2013; (ii) Companies Act, 1956; (iii) Limited Liability Partnership Act, 2008; (iv) The Competition Act, 2002 as amended by Competition (Amendment) Act, 2009; (v) The Insolvency & Bankruptcy Code, 2016; (vi) The Chartered Accountants Act, 1949; (vii) The Cost and Works Accounts

Act, 1959; (viii) The Company Secretaries Act, 1980; (ix) Societies Registration Act, 1860; and Indian

Partnership Act, 1932 (in Centrally administered areas); (x) The Partnership Act, 1932; and (xi)

Companies (Donations to National Funds) Act, 1951.

The Indian trade portal was launched under the Ministry of Commerce and Industry.

The Bureau of Indian Standards Act, 2016 is administered by the Ministry of Consumer Affairs, Food and Public Distribution