Multiple choice

Which ministry is primarily responsible for protection of investors and for offering crucial services to stakeholders along with administration of the Companies Act, 2013?

  1. Minister of Law and Justice

  2. Ministry of Corporate Affairs

  3. Minister of Statistics

  4. None of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Ministry of Corporate Affairs regulates corporate affairs in India through the Companies Act, 1956, 2013 and other allied Acts, Bills and Rules. It also protects investors and offers many important services to stakeholders. The Ministry is primarily concerned with administration of the Companies Act 2013, the Companies Act 1956, the Limited Liability Partnership Act, 2008 & other allied Acts and rules & regulations framed there-under mainly for regulating the functioning of the corporate sector in accordance with law. 

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