Highest ever tally: Over 141K firms incorporated in FY24 so far, shows data
- IBEF
- January 19, 2024
As of January 10, 2024, over 141,000 companies have been incorporated in the current financial year, marking a record high, according to Ministry of Corporate Affairs (MCA) data. This surge is seen as a positive indicator of increased economic activity in the country. Additionally, more than 44,000 limited liability partnerships (LLPs) have been incorporated, a significant rise from the same period the previous year. The new registrations are facilitated through Version 3 of the MCA portal, with the government addressing initial glitches. Despite successful improvements, industry representatives note delays in the issuance of certificates of incorporation and challenges in GST registration.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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