1,38,051 Companies Incorporated from April 2020 to February 2021

companies

The Minister of State for Finance & Corporate Affairs has informed that 1,38,051 new companies have been registered in the current Financial Year from April 2020 to February 2021, while 10,113 companies have been struck off by invoking the Provisions of section 248 of the Companies Act, 2013 during the said period.

The Minister further stated that the financial statements are filed with Ministry of Corporate Affairs for the statutory compliances to maintain the registry for public inspection. The financial statements are kept as filed and the financial ratios, like revenue to profit is not calculated. The number of filings may be different from year to year due to delays/ defaults in filing.

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