Companies Registered in India
The total number of companies that have been formally incorporated and acknowledged under the Companies Act, 2013 (or previously under the Companies Act, 1956) is referred to as “Companies Registered in India.” A company can function as a separate legal entity from its owners or shareholders by registering with the Ministry of Corporate Affairs (MCA), which grants it a unique legal identity.
Private Limited Companies, Public Limited Companies, One Person Companies (OPCs), Limited Liability Partnerships (LLPs), and Section 8 Companies (non-profits) are among the different forms of companies that can be registered. Upon registration, every business is given a distinct Corporate Identification Number (CIN).
One important measure of a nation’s business climate, economic vibrancy, and entrepreneurial activity is the number of registered companies. It shows how easy it is to do business, how confident investors are, and how well the formal economy is doing overall. An increase in registered businesses is a sign of a developing formal sector, better compliance, and the possibility of job creation.
More businesses are formalising as a result of the streamlined registration process brought about by government initiatives like Start-up India and Made in India as well as digital platforms like MCA21. By keeping track of company registrations, economists and policymakers can keep an eye on sectoral trends, economic growth, and the creation of more specialised support for start-ups and industries.
Pankaj Chowdhury is a former Research Assistant at the International Economic Association. He holds a Master’s degree in Demography & Biostatistics from the International Institute for Population Sciences and a Bachelor’s degree in Statistics from Visva-Bharati University. His primary research interests focus on exploring new dimensions of computational social science and digital demography.
This article is posted by Sahil Shekh, Editor-in-Chief at 360 Analytika.
