New Delhi, April 1 (SocialNews.XYZ) The Ministry of Corporate Affairs (MCA) registered more than 1.55 lakh company incorporations in FY 2020-21.
The registration of companies increased 27 per cent compared to 1.22 lakh companies in FY 2019-20, said an official statement.
Similarly, 42,186 limited liability partnerships (LLPs) got incorporated in the last fiscal as against 36,176 in the previous fiscal, an increase of about 17 per cent. The increase is significant considering the unprecedented situation faced by the country due to the Covid-19 pandemic.
The MCA statement said that the Central Registration Centre (CRC) continued to function even during the lockdown to enable stakeholders to incorporate companies and LLPs.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz