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Finance Minister Nirmala Sitharaman Inaugurates 'Corporate Bhavan' in Kolkata.

National | Dated: 06 May 2025

In May 2025, Union Minister Nirmala Sitharaman, who heads the Ministry of Finance (MoF) and the Ministry of Corporate Affairs (MCA), inaugurated the newly constructed ‘Corporate Bhavan’ located in New Town, Kolkata, West Bengal (WB).

🎯 Key Highlights:

  • - The seven-storey facility is designed to bring various MCA offices under one roof, streamlining operations and improving the ease of doing business.
  • - The building also features the country’s first Prime Minister Internship Scheme (PMIS) Facilitation Centre, established on the seventh floor in collaboration with the Confederation of Indian Industry (CII).
  • - This centre is aimed at connecting eligible youth (aged 21–24) with internship opportunities, offering application guidance and support.

💡 Other Important Facts:

  • (i) The facility will house multiple offices under the Ministry of Corporate Affairs (MCA), bringing together key regulatory bodies to improve coordination and efficiency. These include the Regional Directorate (East), Registrar of Companies, Official Liquidator, Serious Fraud Investigation Office (SFIO), National Company Law Tribunal (NCLT) – Kolkata Bench, and the Insolvency and Bankruptcy Board of India (IBBI).
  • (ii) The Corporate Bhavan will serve as a true single-window interface for stakeholders such as companies, insolvency professionals, auditors, startups, and investors, enabling quicker access to corporate regulatory services.
  • (iii) The seven-storey building has a built-up area of approximately 13,239 sq. metres and was completed at a total project cost of Rs. 150.43 crores.

📚 Test Your Knowledge:

What is the name of the facility recently inaugurated by Finance Minister Nirmala Sitharaman in New Town, Kolkata?

Correct Answer: Corporate Bhavan

🚀 Quick Recap:

About MoF

  • Minister : Nirmala Sitharaman
  • Headquarters: New Delhi