# Ministry of Corporate Affairs

The Ministry of Corporate Affairs is an Indian government ministry primarily concerned with administration of the Companies Act 2013, the Companies Act 1956, the Limited Liability Partnership Act, 2008, and the Insolvency and Bankruptcy Code, 2016.
It is responsible mainly for the regulation of Indian enterprises in the industrial and services sector. The ministry is mostly run by civil servants of the ICLS cadre. These officers are selected through the Civil Services Examination conducted by Union Public Service Commission. The highest post, Director General of Corporate Affairs (DGCoA), is fixed at Apex Scale for the ICLS. The current minister is Nirmala Sitaraman.

## Administration

The ministry administers the following acts:
* The Companies Act, 2013
* The Companies Act, 1956
* Insolvency And Bankruptcy Code, 2016
* The Competition Act, 2002
* The Monopolies and Restrictive Trade Practices Act, 1969
* The Chartered Accountants Act, 1949 [As amended by the Chartered Accountants (Amendment) Act, 2006]
* The Company Secretaries Act, 1980 [As amended by The Company Secretaries (Amendment) Act, 2006]
* The Cost and Works Accountants Act, 1959 [As Amended By The Cost And Works Accountants (Amendment) Act, 2006]
* Companies (Donation to National) Fund Act, 1951
* The Indian Partnership Act, 1932
* Societies Registration Act, 1860
* The Companies Amendment Act, 2006
* The Limited liability Partnership Act, 2008
In August 2013, The Companies Act, 2013 was passed to regulate corporations by increasing responsibilities of corporate executives and is intended to avoid the accounting scandals such as the Satyam scandal which have plagued India. It replaces The Companies Act, 1956 which has proven outmoded in terms of handling 21st century problems.
The Ministry has constituted a Committee for framing of National Competition Policy (India) and related matters (formulate amendments in the Act) under the Chairmanship of Dhanendra Kumar, former chairman of Competition Commission of India.

## Training academies

* Indian Institute of Corporate Affairs (Only for Union Civil Service Staff Training)

## National apex bodies

* Indian Institutes of Management

## Statutory professional bodies

* Institute of Chartered Accountant of India
* Institute of Company Secretaries of India
* Institute of Cost and Management Accountants of India
* Institution of Valuers
* All India Management Association

## Statutory bodies

* Competition Commission of India (CCI)
* Insolvency and Bankruptcy Board of India (IBBI)
* Investor Education and Protection Fund Authority (IEPFA)
* National Company Law Appellate Tribunal (NCLAT)
* National Company Law Tribunal (NCLT)
* National Financial Reporting Authority (NFRA)
* Registrar of Companies
* Serious Fraud Investigation Office
| # | Name | Term of office | Term of office | Duration | Political party (Alliance) | Prime Minister |
| 1 | R. K. Shanmukham Chetty | 15 August 1947 | 1949 | 1 year, 139 days | Indian National Congress | Jawaharlal Nehru |
| 2 | John Mathai | 1949 | 1950 | 1 year, 0 days | Indian National Congress | Jawaharlal Nehru |
| 3 | C. D. Deshmukh | 29 May 1950 | 1957 | 6 years, 217 days | Indian National Congress | Jawaharlal Nehru |
| 4 | T. T. Krishnamachari | 1957 | 13 February 1958 | 1 year, 43 days | Indian National Congress | Jawaharlal Nehru |
| 5 | Jawaharlal Nehru | 13 February 1958 | 13 March 1958 | 28 days | Indian National Congress | Jawaharlal Nehru |
| 6 | Morarji Desai | 13 March 1958 | 29 August 1963 | 5 years, 169 days | Indian National Congress | Jawaharlal Nehru |
| 7 | T. T. Krishnamachari | 29 August 1963 | 1965 | 1 year, 125 days | Indian National Congress | Jawaharlal Nehru Lal Bahadur Shastri |
| 8 | Sachindra Chaudhuri | 1965 | 13 March 1967 | 2 years, 71 days | Indian National Congress | Lal Bahadur Shastri Indira Gandhi |
| 9 | Indira Gandhi | 1967 | 1971 | 4 years, 0 days | Indian National Congress | Indira Gandhi |
| 10 | Yashwantrao Chavan | 1971 | 1975 | 4 years, 0 days | Indian National Congress | Indira Gandhi |
| 11 | Chidambaram Subramaniam | 1975 | 1977 | 2 years, 0 days | Indian National Congress | Indira Gandhi |
| 12 | Haribhai M. Patel | 24 March 1977 | 24 January 1979 | 1 year, 306 days | Janata Party | Morarji Desai |
| 13 | Charan Singh | 24 January 1979 | 28 July 1979 | 185 days | Janata Party | Morarji Desai |
| 14 | Hemvati Nandan Bahuguna | 28 July 1979 | 14 January 1980 | 170 days | Janata Party (Secular) | Charan Singh |
| 15 | R. Venkataraman | 14 January 1980 | 15 January 1982 | 2 years, 1 day | Indian National Congress | Indira Gandhi |
| 16 | Pranab Mukherjee | 15 January 1982 | 31 December 1984 | 2 years, 351 days | Indian National Congress | Indira Gandhi |
| 17 | V. P. Singh | 31 December 1984 | 24 January 1987 | 2 years, 24 days | Indian National Congress | Rajiv Gandhi |
| 18 | Rajiv Gandhi | 24 January 1987 | 25 July 1987 | 182 days | Indian National Congress | Rajiv Gandhi |
| 19 | N. D. Tiwari | 25 July 1987 | 25 June 1988 | 336 days | Indian National Congress | Rajiv Gandhi |
| 20 | Shankarrao Chavan | 25 June 1988 | 2 December 1989 | 1 year, 160 days | Indian National Congress | Rajiv Gandhi |
| 21 | Madhu Dandavate | 2 December 1989 | 10 November 1990 | 343 days | Janata Dal (National Front) | V. P. Singh |
| 22 | Yashwant Sinha | 10 November 1990 | 21 June 1991 | 223 days | Samajwadi Janata Party (National Front) | Chandra Shekhar |
| 23 | Manmohan Singh | 21 June 1991 | 16 May 1996 | 4 years, 330 days | Indian National Congress | P. V. Narasimha Rao |
| 24 | Jaswant Singh | 16 May 1996 | 1 June 1996 | 16 days | Bharatiya Janata Party | Atal Bihari Vajpayee |
| 25 | P. Chidambaram | 1 June 1996 | 21 April 1997 | 324 days | Tamil Maanila Congress (United Front) | H. D. Deve Gowda |
| 26 | I.K. Gujral | 21 April 1997 | 22 May 2004 | 7 years, 31 days | Janata Dal (United Front) | I. K. Gujral |
| 27 | Prem Chand Gupta | 22 May 2004 | 30 November 2008 | 4 years, 192 days | Indian National Congress (United Progressive Alliance) | Manmohan Singh |
| 28 | H. R. Bhardwaj | 30 November 2008 | 24 January 2009 | 55 days | Indian National Congress (United Progressive Alliance) | Manmohan Singh |
| 29 | Veerappa Moily | 26 June 2012 | 31 July 2012 | 35 days | Indian National Congress (United Progressive Alliance) | Manmohan Singh |
| 30 | Sachin Pilot | 31 July 2012 | 26 May 2014 | 1 year, 299 days | Indian National Congress (United Progressive Alliance) | Manmohan Singh |
| 31 | Arun Jaitley | 26 May 2014 | 30 May 2019 | 5 years, 4 days | Bharatiya Janata Party (National Democratic Alliance) | Narendra Modi |
| 33 | Nirmala Sitharaman | 30 May 2019 | Incumbent | 5 years, 218 days | Bharatiya Janata Party (National Democratic Alliance) | Narendra Modi |

## List of ministers of state

| Minister of state | Political party | Term | Term | Days |
| Bedabrata Barua | Indian National Congress | 1969 | 1970 | 1 year |
| Nirmala Sitharaman | Bharatiya Janata Party | 26 May 2014 | 9 November 2014 | 167 days |
| Arjun Ram Meghwal | Bharatiya Janata Party | 5 July 2016 | 3 September 2017 | 1 year, 60 days |
| P. P. Chaudhary | Bharatiya Janata Party | 3 September 2017 | 30 May 2019 | 1 year, 269 days |
| Anurag Thakur | Bharatiya Janata Party | 30 May 2019 | 7 July 2021 | 2 years, 38 days |
| Rao Inderjit Singh | Bharatiya Janata Party | 7 July 2021 | Incumbent | 3 years, 180 days |