The Ministry of Corporate Affairs (MCA) is very important ministry of the Government of India which is primarily concerned with the administration of the Companies Act 2013, the Companies Act 1956, The Limited Liability Partnership Act, 2008 & other allied Acts, rules & regulations framed mainly for regulating the functioning of the corporate sector in accordance with law.
The economic health of the Country depends on smoothness of business operation. The best format of doing business in India is Company form; therefore, every businessman who wish to explore their business to the next level and for the benefits of their coming generation, they have to think, to do their business in Company format. Then it become necessary to approach Ministry of Corporate Affairs for registration of their choice form of Company by making application in prescribed forms, which will start form name reservation to the providing KYC details of promoters, directors, place of business office, their objects (means the nature of business) and the initial investment amount in business.
Anybody can understand the importance of this department of the Government of India, because it can only give a suitable name of Company, its registration, approval of change of management and administering the corporate governance of a small to big companies.
