141 thousand new companies incorporated during the financial year 2024, the ministry gave information
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According to data available with the Ministry of Corporate Affairs (MCA), more than 141,000 companies have been incorporated in the current financial year till January 10. According to official sources, this is the highest number of companies covered under the ministry so far. In this series, more than 44,000 Limited Liability Partnerships were incorporated by January 10, 2024, whereas this number was a little more than 28,000 in the same period last year.
The increase in the number of companies directly means that economic activities are increasing in the country. Limited Liability Partnership basically refers to a partnership. Through this the liability of each partner towards the debts of the partnership is limited in nature. New registrations of companies have been registered on the new portal of the ministry. Now the government is working to resolve its initial glitches. “The system is working very well. An official source said, our help desk has received very less calls compared to last year.
In this regard, industry representatives say that the initial issues have been resolved. This includes problems with login, submission and downloading forms. The only problem is the issuance of the certificate of incorporation, which takes a lot of time. Senior company secretary Amit Gupta said that GST registration is also not seamless.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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