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        <h1>Record 1.67 Lakh Companies Registered in India in 2021-22, Boosted by Ease of Doing Business Initiatives.</h1> During the financial year 2021-22, the Ministry of Corporate Affairs (MCA) in India registered a record 1.67 lakh companies, marking an 8% increase from the previous year. This growth is attributed to the government's Ease of Doing Business initiatives, including the SPICe+ form launched in February 2020, which integrates multiple services across various government departments. Maharashtra led in new registrations, followed by Uttar Pradesh and Delhi. The business services sector saw the highest number of incorporations. Recent regulatory reforms by the MCA aim to simplify compliance and promote business growth, such as redefining small companies and incentivizing One Person Companies.

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