Which one of the following subjects does not fall under the control of

Which one of the following subjects does not fall under the control of Ministry of Corporate Affairs ?

Join Our Telegram Channel

Administration of Insolvency and Bankruptcy Code

Administration of Competition Act, 1932

Competition Commission of India

Collection of Statistics relating to Companies

Answer is Right!

Answer is Wrong!

This question was previously asked in

UPSC SO-Steno – 2018

Download PDF Attempt Online

Option B, “Administration of Competition Act, 1932,” does not fall under the control of the Ministry of Corporate Affairs.

The Ministry of Corporate Affairs is responsible for the administration of the Companies Act, 2013 (which replaced the 1956 Act and previous Acts), the Limited Liability Partnership Act, 2008, the Insolvency and Bankruptcy Code (A), and the Competition Act, 2002. The Competition Act currently in force is the Competition Act, 2002, and its administration, including the functioning of the Competition Commission of India (C), is under the Ministry of Corporate Affairs. There is no relevant “Competition Act, 1932” administered by the Ministry. The Companies Act of 1932 existed but was replaced. Therefore, administering a non-existent or irrelevant 1932 Competition Act is not a subject under the Ministry’s control. Collection of Statistics relating to Companies (D) is also a subject under MCA.

This question relies on the specific knowledge of the legislation administered by the Ministry of Corporate Affairs and identifies an incorrect year associated with the Competition Act. The MCA administers the Competition Act, 2002.

More similar MCQ questions for Exam preparation:-