Around 1.38 Lakh New Companies registered in India in Pandemic year: Government says
New Delhi: Minister of State for Finance and Corporate affairs Anurag Singh Thakur on Monday said that “The government of India registered 138,051 new companies in the current financial year from April 2020 to February 2021.
The Minister stated in a written reply to a question in Lok Sabha on Monday.
Thakur further added that “The financial statements are filed with the Ministry of Corporate Affairs for the statutory compliances to maintain the registry for public inspection and all documents are available at www.mca.gov.in. The financial statements are kept as filed and the financial ratios, like revenue to profit, is not calculated. The number of filings may be different from year to year due to delays or defaults in a filing.”
According to a financial expert – the government of India may register more companies in the upcoming year. Coronavirus pandemic affected the economy of the nation drastically but on another side, PM Modi’s ‘Aatmanirbhar Bharat’ movement inspired several people to go for their start-ups and businesses.
Some experts believe that “Many labors and migrants went back to home in coronavirus period and many of them – started their own small business in villages or towns.”
-Vinayak
