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The Corporate Affairs Ministry (MCA) had struck off as many as 29,059 non-compliant companies in FY21 and FY22, Lok Sabha was informed on Monday. Replying to an unstarred question, Rao Inderjit Singh, Minister of State for Corporate Affairs said that against this 3,21,325 new companies were incorporated during these two financial years. The total number of registered companies as on March 31, 2022 is 23,26,640 and active companies are 14,37,045. Thus approximately 1.2 per cent of the t
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FAQ :
The MCA struck off 29,059 non-compliant companies in FY 2021 and 2022.
A total of 321,325 new companies were incorporated during these two financial years.
As of March 31, 2022, there were 2,326,640 registered companies.
Reasons include failing to commence business within a year of incorporation, not carrying on business for two preceding financial years, or failing to file statutory returns for two preceding financial years.
The government has decriminalised certain sections of the Companies Act 2013, introduced lesser penalties for small companies and startups, and revised the definition of listed companies.
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