Explain the following concept:Ministry of Corporate Affairs (MCA) – InterviewSolution

1.	Explain the following concept:Ministry of Corporate Affairs (MCA)
Answer» 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.

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