Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman inaugurates Iconic Week of Ministry of Corporate Affairs (MCA) during Azadi Ka Amrit Mahotsav celebrations here today.
Union Minister of State for Corporate Affairs Shri Rao Inderjit Singh graced the celebrations as the Guest of Honour besides the presence of Shri Rajesh Verma, Secretary, MCA; Shri Sanjay Kumar, Additional Secretary & Financial Advisor, MCA; and Shri Ashok Kumar, Postmaster General (Operations), along with heads of other subordinate and regulatory organizations under the Ministry.
In her address during the Azadi Ka Amrit Mahotsav celebrations, Smt. Sitharaman recapitulated the reforms undertaken during last 8 years by the MCA, including enactment of Insolvency and Bankruptcy Code, Decriminalization of Companies Act 2013 and Limited Liability Partnership Act, 2008. De-criminalisation of technical & procedural violations was a very important step taken during the pandemic as PM’s message has been ‘trust your businesses, give them confidence that Government is looking at them favourably’.
The Finance Minister said, “The MCA is uniquely placed as it is facilitating people while regulating. It has impacted the lives of common Indians, be in their small businesses, or part of larger business or even small investors.”
