More than 30% companies incorporated in india are either closed or dormant and 10-20% just be adhering to the norms of filing without doing much.
As per the data released by the MCA as on 31st January, 2014, 13.77 lakh companies were registered under the Companies Act, 1956. Of these, 2.68 lakh companies are closed; 27,617 companies are in the process of being closed; and as many as 1.43 lakh companies have not filed their Annual Returns/ Balance Sheets (i.e., Annual Statutory Filings) for more than three consecutive years, and are classified as ‘dormant’. In other words, there are about 9.37 lakh active companies, of which 1.40 lakh companies were incorporated within the preceding eighteen months (not due for filing).
As per the data released by the MCA as on 31st January, 2014, 13.77 lakh companies were registered under the Companies Act, 1956. Of these, 2.68 lakh companies are closed; 27,617 companies are in the process of being closed; and as many as 1.43 lakh companies have not filed their Annual Returns/ Balance Sheets (i.e., Annual Statutory Filings) for more than three consecutive years, and are classified as ‘dormant’. In other words, there are about 9.37 lakh active companies, of which 1.40 lakh companies were incorporated within the preceding eighteen months (not due for filing).
A total of 8,206 companies were registered under the Companies Act, 1956 during January, 2014 with authorized capital of Rs. 943.21 crore. Of these, 8,174 companies were registered as Companies Limited by Shares with an authorized capital of Rs. 9,43.15 crore; 31 Companies Limited by Guarantees with an authorised capital of Rs. 6 lakh; and 1 Unlimited Liability Company. Under the category of companies registered as limited by shares, Maharashtra had maximum number of registrations (1,563) followed by Delhi (1,356) and Uttar Pradesh (741). Economic activity-wise maximum number of companies (2,806) were registered under Business Services (IT and R&D).
During January, 2014 During January, 2014, two State Level Public Enterprises (SLPEs) and two Central Public Sector Undertakings (CPSUs) were registered under the Companies Act, 1956, with authorized capital of Rs. 55.1 crore. The SLPEs incorporated are: 1.Bhavanam Foundation Kerala, and 2.Kerala State Coir Machinery Manufacturing Company Limited. The CPSUs incorporated are: 1.Cheyyur Infra Limited and 2.Odisha Infrapower Limited. Of these, first two are registered as private limited and other two are registered as public limited companies.
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