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Team Studycafe | May 18, 2022 | Views 41220

15900 Companies were Registered within the Country in April: MCA

15900 companies were registered within the country in April: MCA

In April, 15,905 companies were registered in the country, and 14,51,401 were operational as of the end of last month. This information was obtained from official sources. According to the most recent Ministry of Corporate Affairs data, a total of 23,33,958 businesses were registered under the Companies Act as of April 30, 2022. Of these, 8,29,269 were closed, while 7,021 were in the process of liquidation.

Apart from them, 43,851 companies were being delisted from official records, and 2,416 had attained ‘dormant status.’ According to ministry data, there were 14,51,401 active companies at the end of April, with 2,53,131 established in the previous 18 months.

“A total of 15,905 companies, including 851 One Person Companies (OPCs), having an authorised capital of Rs 2,316.52 crore, were registered under the Companies Act, 2013 in April 2022,” the ministry said. The Companies Act is being implemented by the Ministry of Corporate Affairs. Rajesh Verma, Corporate Affairs Secretary, underlined different features of the Insolvency and Bankruptcy Code(IBC) in his message.

He stated that, except from the World Bank Doing Business Report, which was recently discontinued, there is currently no standard framework for tracking the consequences of insolvency and bankruptcy arrangements. “As a result, it is critical to evaluate the impact of the IBC’s insolvency framework and undertake a SWOT analysis on a regular basis to examine its strengths, weaknesses, opportunities, and threats,” he added.

Government’s focus on startups in Tier-2 and Tier-3 cities

The government has a lot of focus on startups. In this too, the government is focusing on Tier-2 and Tier-3 cities. Commerce and Industry Minister Piyush Goyal on Tuesday attended the meeting of the National Startup Advisory Council and asked the council to focus on tier-2 and tier-3 cities to spread awareness about government schemes for venture capital funding, capacity building and promotion of startups. told to focus.

For Official News Letter Download PDF Given Below:

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