Between April and June 2021, a total of 36,191 new companies were incorporated in the country. This marks a substantial increase compared to the 18,968 companies incorporated during the same period last year. The Ministry of Corporate Affairs implemented several measures during the COVID-19 pandemic to support businesses, including schemes for filing belated documents, relaxation on additional fees, and extended timelines for various compliance requirements.
36,191 new companies incorporated from April to June 2021; an increase of 17,223 new Companies
Several steps taken by Ministry of Corporate Affairs during COVID-19 Pandemic
The number of new companies incorporated in the Country under the provisions of the Companies Act, 2013 from April 2021 to June, 2021 is 36,191 as compared to 18,968 number of new companies in the corresponding period of last year which is an increase of 17,223 number of new Companies. This was stated by Minister of
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FAQ :
A total of 36,191 new companies were incorporated from April to June 2021.
This figure represents an increase of 17,223 new companies compared to the 18,968 incorporated in the same period last year.
The CFSS, 2020 allowed companies to file belated documents without additional fees and provided immunity from prosecutions for delayed filings.
Yes, the Ministry granted relaxation on timelines for filing forms related to the creation or modification of charges for the period between April 1, 2021, and May 31, 2021.
The time gap between two consecutive board meetings was extended to 180 days for the April-June and July-September 2021 quarters, instead of the usual 120 days.
Yes, the time for auditors and audit firms to file the NFRA-2 form was extended to a total of 270 days due to COVID-19 disruptions.