TaxTMI 
TaxTMI 
MCA registers 1.55 lakh company incorporations in FY 2020-21, an increase of 27% year-on-year
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....CA registers 1.55 lakh company incorporations in FY 2020-21, an increase of 27% year-on-year <br>News and Press Release<br>Dated:- 1-4-2021<br><BR>MCA registe₹ 1.55 lakh company incorporations in FY 2020-21, an increase of 27% year-on-year 42,186 Limited Liability Partnerships got incorporated in FY 2020-21, an increase of 17% year-on-year During the Financial Year 2020-21, Ministry of Cor....
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....porate Affairs (MCA) registered more than 1.55 Lakh company incorporations as compared to 1.22 Lakh companies during FY 2019-20, an increase of about 27%. Similarly, 42,186 Limited Liability Partnerships (LLPs) got incorporated as against 36,176 last year, an increase of about 17%. The increase is significant considering the unprecedented situation faced by the country due to COVID-19 pandemic. A....
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....s part of Government of India's drive for Ease of Doing Business, the MCA has taken many initiatives thereby saving as many procedures, time and cost for starting a business in India. The Central Registration Centre (CRC) continued to function even during the lockdown to enable stakeholders to incorporate Companies and LLPs. The MCA launched SPICe+ form in February 2020 and thereby integrating 10....
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.... different services across 3 Central Government Ministries/Departments (Ministry of Corporate Affairs, Ministry of Labour & Department of Revenue in the Ministry of Finance) and 3 State Governments (Maharashtra, Karnataka and West Bengal), viz; * Name Reservation * Company Incorporation * Director Identification Number * EPFO Registration No. * ESIC Registration Number * PAN * TAN ....
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....* Profession Tax Registration Number for the state of Maharashtra, Karnataka and West Bengal * Bank Account number and * GSTN Number (on Optional basis) The MCA is continuously striving to transform regulatory environment and has taken several measures in recent past towards Ease of Doing Business like; * Revision of Definition of Small Companies which has reduced compliance burden on about....
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.... 2 lakh companies * Zero MCA fee for company incorporation up to ₹ 15 lakh authorised capital * Incentivisation of incorporation of One Person Companies (OPCs) * De-criminalisation of technical & procedural violations under Companies Act<BR> News - Press release - PIB....