1,38,051 new companies registered from April 2020 to February 2021

Last updated: 22 March 2021

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Between April 2020 and February 2021, a total of 1,38,051 new companies were registered in India. During the same period, 10,113 companies were removed from the register under Section 248 of the Companies Act, 2013. This information was shared by the Minister of State for Finance & Corporate Affairs in a written reply to the Lok Sabha.

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

This the Minister stated in a written reply to a question in Lok Sabha today.

1.38 Lakh New Companies Registered in FY 2020-21

The Minister stated that the financial statements are filed with Ministry of Corporate Affairs for the statutory compliances to maintain the registry for public inspection and all documents are available at www.mca.gov.in. 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.

Thus such financial ratios across the whole universe of filings are not comparable, the Minister stated.

FAQ :

A total of 1,38,051 new companies were registered during this period.

10,113 companies were struck off by invoking the provisions of section 248 of the Companies Act, 2013.

The information was provided by the Minister of State for Finance & Corporate Affairs, Shri Anurag Singh Thakur, in a written reply to a question in Lok Sabha.

Financial statements are filed with the Ministry of Corporate Affairs and are available for public inspection at www.mca.gov.in.

No, the financial statements are kept as filed and financial ratios like revenue to profit are not calculated by the Ministry.

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