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Ministry: 264 new companies set up every day in January

New Delhi: India saw as many as 264 new companies being set up every day on an average during January with most of them getting registered in Maharashtra.Starting off the new year on a robust
ministry 264 new companies set up every day in...
PTI March 16, 2014 19:33 IST
New Delhi: India saw as many as 264 new companies being set up every day on an average during January with most of them getting registered in Maharashtra.

Starting off the new year on a robust note, the total number of new companies registered with the government touched 8,206 during the month. The overall authorised capital of these entities stood at Rs 943.21 crore, according to the Corporate Affairs Ministry.

New firms have to get registered with the ministry, which implements the Companies Act that governs corporates in the country.

Out of the new ones set up in January, 8,174 entities were registered as companies limited by shares with an authorised capital of Rs 943.15 crore.

About 31 entities were set up as companies limited by guarantees and their total authorised capital was Rs 6 lakh.

"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)," the Ministry said in its latest newsletter.

 

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