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What is the primary responsibility of the Ministry of Corporate Affairs in India?
  • a)
    Regulating the insurance industry
  • b)
    Administering the Companies Act and other related laws
  • c)
    Overseeing the functioning of the banking sector
  • d)
    Managing foreign exchange transactions
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What is the primary responsibility of the Ministry of Corporate Affair...
The primary responsibility of the Ministry of Corporate Affairs in India is to administer the Companies Act, 1956, and other allied Acts and regulations related to corporate governance and functioning. This includes regulating the corporate sector in accordance with the law and ensuring proper corporate governance practices.
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What is the primary responsibility of the Ministry of Corporate Affairs in India?a)Regulating the insurance industryb)Administering the Companies Act and other related lawsc)Overseeing the functioning of the banking sectord)Managing foreign exchange transactionsCorrect answer is option 'B'. Can you explain this answer?
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