What role does the Ministry of Corporate Affairs play?

The Ministry of Corporate Affairs plays a vital role in the regulation of the corporate sector and the enforcement of company laws in India. Its primary function includes formulating policies related to corporate governance, overseeing the registration of companies, and ensuring compliance with the Companies Act. The Ministry is responsible for promoting the growth and development of the corporate sector while protecting the interests of investors and stakeholders.

By regulating company laws, the Ministry helps maintain a framework that ensures transparency, accountability, and good governance among companies. This regulation is critical for fostering a conducive environment for business operations, which in turn contributes to economic growth.

The other options, while related to various aspects of government functions, do not accurately reflect the specific responsibilities of the Ministry of Corporate Affairs. The ministry is not involved directly in government budgeting, public sector investments, or overseeing tax revenue, which fall under different governmental departments or ministries.