Online edition of India's National Newspaper
Friday, May 18, 2007
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Online edition of India's National Newspaper Friday, May 18, 2007 ePaper |
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National
Special Correspondent
NEW DELHI: The `Ministry of Company Affairs' has been rechristened the `Ministry of Corporate Affairs' vide Presidential Notification dated May 9 amending the Government of India (Allocation of Business) Rules, 1961. ``The new name not merely reflects a change in the form but also in the vision and approach that drives the initiatives of the Ministry,'' said Minister of State Prem Chand Gupta while recounting the reasons for changing the name. The focus of the Ministry's working, according to an official statement here, is no longer limited to the administration of companies but has increasingly acquired an all-inclusive role of addressing a wide sweep of functions. With the introduction of the `Limited Liability Partnership Bill' and the initiatives being taken towards operationalisation of the `Competition Commission of India,' the Ministry has, during the last two years, re-oriented itself to meet the expectations of a vibrant corporate sector.
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