Incorporation of companies up 20% in FY21 despite pandemic: MCA
By IANS |
Published on
Tue, Feb 9 2021 13:12 IST |
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New Delhi, Feb 9 : The number of new companies formed in the current financial year rose despite the pandemic as data from the Ministry of Corporate Affairs (MCA) shows that incorporation of companies increased by 20.56 per cent in FY 2020-21 as of December.
A total of over 1.13 lakh companies were incorporated during April 2020 to December 2020, against 93,754 companies during the same period of the last financial year, said the Minister of State for Finance and Corporate Affairs Anurag Thakur in a written reply to the Rajya Sabha.
Restored companies: MCA frames scheme for additional fees waiver on delayed filing of e-forms
K.R.Srivats
New Delhi |
Updated on
January 18, 2021
Based on the rule, the President retires these officials with immediate effect from the afternoon of June 11. (File photo) - Getty images/istock.com
Based on the rule, the President retires these officials with immediate effect from the afternoon of June 11. (File photo) - Getty images/istock.com×
Move to benefit only those struck-off companies whose names were restored by NCLT in December 2020
Corporate Affairs Ministry (MCA) has come out with a new scheme to accept the delay in filing of e-forms for companies whose names were restored by the National Company Law Tribunal (NCLT) during December 1-31, 2020. Consequently, all additional fees payable for delayed filing of any overdue e-forms under the new scheme will be waived, MCA has said.
Aiming to improve corporate compliance, the ministry had launched the CFSS and amended the LLP Settlement Scheme in March last year, allowing firms a one-time condonation for delays in statutory filings.