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Incorporation of companies up 20% in FY21 despite pandemic: MCA


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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Growth chart. (File Photo: IANS). Image Source: IANS News
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. ....

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