The Ministry of Corporate Affairs has reported a significant 20% increase in the number of companies incorporated during the period of April to December 2020. This rise means that 113,038 companies were established in this timeframe, compared to 93,758 companies during the same period in 2019. This indicates a strong growth in new business formations.
The Ministry of Corporate Affairs has announced that the number of companies incorporated during April - December 2019 has gone up by 20%. Read the official announcement below:
Till December 2020, the number of companies incorporated has gone up by 20% . As against 93758 companies incorporated during April- December 2019 , this year for the same period, 113038 companies have been incorporated.
FAQ :
The number of companies incorporated between April and December 2020 increased by 20% compared to the same period in 2019.
During April-December 2019, 93,758 companies were incorporated.
In the period of April to December 2020, 113,038 companies were incorporated.
There was a 20% increase in company incorporations for the April-December 2020 period compared to April-December 2019.
The Ministry of Corporate Affairs made the announcement.