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Ministry of Corporate Affairs improves the ease of running a company

Over the past two years the government has moved to decriminalise key provisions and simplified statutory requirements in the Companies Act

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“We now ensure that whether you are in a village in India or in the US dealing with us, 13 numbers you need to form a company are available to you digitally”, said a key official of the ministry.

Subhomoy Bhattacharjee New Delhi

6 min read Last Updated : Oct 10 2022 | 9:33 PM IST

The post of the secretary of the ministry of corporate affairs (MCA) has been vacant for close to two months, since Rajesh Verma moved on as secretary to the President of India in August (on August 19). Revenue Secretary Tarun Bajaj has been holding additional charge since then.

Despite the vacancy, MCA officials have reason to be pleased at how they have managed to improve the administration of company law, reduce the scope of criminal penalty and accelerate the time to set up companies or exit them. That most of these have happened in the Covid-19 period is noteworthy. The

Topics : Ministry of Corporate Affairs company Companies Act company law

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