The ministry administers the following acts: •
Companies Act, 2013 •
Companies Act, 1956 •
Insolvency and Bankruptcy Code, 2016 •
Competition Act, 2002 • Monopolies and Restrictive Trade Practices Act, 1969 •
Chartered Accountants Act, 1949 [As amended by the Chartered Accountants (Amendment) Act, 2006] • Company Secretaries Act, 1980 [As amended by The Company Secretaries (Amendment) Act, 2006]* Cost and Works Accountants Act, 1959 [As Amended By The Cost And Works Accountants (Amendment) Act, 2006 • Companies (Donation to National) Fund Act, 1951 •
Indian Partnership Act, 1932 • Societies Registration Act, 1860 • Companies Amendment Act, 2006 •
Limited liability Partnership Act, 2008 In August 2013, the
Companies Act, 2013 was passed to regulate corporations by increasing responsibilities of corporate executives and is intended to avoid the
accounting scandals such as the
Satyam scandal which have plagued India. It replaces the
Companies Act, 1956 which has proven outmoded in terms of handling 21st century problems. The Ministry has constituted a Committee for framing of National Competition Policy (India) and related matters (formulate amendments in the Act) under the Chairmanship of
Dhanendra Kumar, former chairman of
Competition Commission of India. ==Training academies==