MCA

MCA has incorporated in FY 2020-21 | 1.55 lakh companies | 42,186 Limited Liability Partnerships

1 minute, 31 seconds Read

[wpdreams_ajaxsearchlite]

Ministry of Corporate Affairs

MCA registers 1.55 lakh company incorporations in FY 2020-21, an increase of 27% year-on-year

42,186 Limited Liability Partnerships got incorporated in FY 2020-21, an increase of 17% year-on-year

Posted On: 01 APR 2021 6:20PM by PIB Delhi

During the Financial Year 2020-21, Ministry of Corporate Affairs (MCA) registered more than 1.55 Lakh company incorporations as compared to 1.22 Lakh companies during FY 2019-20, an increase of about 27%. Similarly, 42,186 Limited Liability Partnerships (LLPs) got incorporated as against 36,176 last year, an increase of about 17%. The increase is significant considering the unprecedented situation faced by the country due to COVID-19 pandemic.

As part of Government of India’s drive for Ease of Doing Business, the MCA has taken many initiatives thereby saving as many procedures, time and cost for starting a business in India. The Central Registration Centre (CRC) continued to function even during the lockdown to enable stakeholders to incorporate Companies and LLPs.

The MCA launched SPICe+ form in February 2020 and thereby integrating 10 different services across 3 Central Government  Ministries/Departments (Ministry of Corporate Affairs, Ministry of Labour & Department of Revenue in the Ministry of Finance) and 3 State Governments(Maharashtra, Karnataka and West Bengal), viz;

  • Name Reservation
  • Company Incorporation
  • Director Identification Number
  • EPFO Registration No.
  • ESIC Registration Number
  • PAN
  • TAN
  • Profession Tax Registration Number for the state of Maharashtra, Karnataka and West Bengal
  • Bank Account number and
  • GSTN Number (on Optional basis)

The MCA is continuously striving to transform regulatory environment and has taken several measures in recent past towards Ease of Doing Business like;

  • Revision of Definition of Small Companies which has reduced compliance burden on about 2 lakh companies
  • Zero MCA fee for company incorporation up to Rs 15 lakh authorised capital
  • Incentivisation of incorporation of One Person Companies (OPCs)
  • De-criminalisation of technical & procedural violations under Companies Act

Source: Posted On: 01 APR 2021 6:20PM by PIB Delhi


Also read other articles @ EduTaxTuber

Tamilnad Mercantile Bank IPO – (Tamilnad Mercantile Bank Limited IPO)
Tamilnad Mercantile Bank IPO: IPO opens on 5th-Sep-2022 and it will close on 7th-Sep-2022 as per the Red Herring Prospectus (RHP). The IPO price band at ₹500-525 per share, issue to open on Monday. ₹ 14,000/ Minimum Investment Lot Size 28 Shares Bidding …
Aether Industries Limited IPO (Aether Industries IPO) Detail
Aether Industries Limited IPO price: company has fixed price band of the public offer at ₹610 to ₹642 per equity share Aether Industries Limited IPO IPO opens on 24-May-2022 and it will close on 26-May-2022 as per the Red Herring Prospectus (RHP). The …
author

EduTaxTuber Team

We are here to help for every updates related to everything...👍📙👍📗

Similar Posts

Leave a Reply

UPI Transaction Limit Per Day JEE Mains Admit Card 2023 Released: Download Now RRB Group D Result 2022: नियुक्ति पत्र, JEE Main 2023: Registration Begin, Exam Date, How To Apply? Download And Install Tally Prime Free