Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Number of active companies limited by shares rises to 10.46 lakh.


Date: 19-12-2015
Subject: Number of active companies limited by shares rises to 10.46 lakh
NEW DELHI: The government has taken various steps to promote the growth of corporate sector and the number of active companies limited by shares so far this fiscal has increased to 10.46 lakh, the Lok Sabha was informed today.

"Company limited by shares" means a company having the liability of its members limited by the memorandum to the amount, if any, unpaid on the shares respectively held by them.

As on March 31, 2015, the number of active companies was 10.15 lakh with a paid up capital of Rs 22.95 lakh and by December 14, of this fiscal year, the figure has increased to 10.46 lakh such companies with paid up capital of Rs 24.99 lakh, according to data provided by Corporate Affairs Minister Arun Jaitley to the Lok Sabha.

The government has taken a number of steps to promote the growth of corporate sector and improve the ease of doing business in India, he said.

Elaborating on various such initiatives, he said, 14 services across various departments and agencies like the Department of Industrial Policy and Promotion, Employees State Insurance Corporation (ESIC), Employees' Provident Fund Organisation ( EPFO), Central Board of Direct Taxes (CBDT), Reserve Bank and the Department of Corporate Affairs have been integrated with the eBiz portal.

Moreover, the application process for Industrial licence and Industrial Entrepreneur's memorandum has been made easy by simplifying the form and making the process online and the validity period of industrial licence and security clearance from Ministry of Home Affairs has been increased.

Moreover, DGFT has issued notification to limit the documents required for exports and imports to three and the process of obtaining environment and forest clearance has been made online.

Besides, the Union budget announcement for this fiscal has proposed to gradually reduce the rate of Corporate Tax from 30 per cent to 25 per cent over the next 4 years.

"Ministry of Corporate Affairs has notified various amendments to the Companies Act, 2013 which makes it easier to do business," Jaitley said.

These amendments include introduction of integrated e-forms for simplifying the process for incorporation; doing away with the payment of minimum paid up capital at the time of incorporation as well as declaration of commencement of business.

Source : economictimes.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 31-07-2025
Notification No. 49/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils,Brass Scrap, Areca Nut, Gold and Silver

Date: 19-07-2025
Notification No. 34/2025-Customs
Seeks to amend notification No. 146/94-Customs, dated the 13th July, 1994 to omit serial number 10A.

Date: 18-07-2025
Notification No. 33/2025-Customs
Seeks to amend notification No. 146/94-Customs, dated the 13th July, 1994 to provide exemption on import of Horses for Polo (HS 0101 29 10) under specified condition.

Date: 16-07-2025
Notification No. 47/2025-Customs (N.T.)
Appointment of Common Adjudicating Authority for the purpose of finalization of Provisional Assessment in SVB case w.r.t. M/s. Ammega Belting India Pvt. Ltd. -reg

Date: 15-07-2025
Notification No. 46/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 30-06-2025
Notification No. 44/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 30-06-2025
Notification No. 32/2025-Customs
Seeks to amend Notification No.130/2010- Customs dated 23.12.2010 to extend the exemption benefits to Air Canada.

Date: 13-06-2025
Notification No. 43/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 11-06-2025
Notification No. 42/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 06-06-2025
Notification No. 13/2025-Customs (ADD)
Seeks to impose Anti Dumping Duty on imports of ‘Insoluble Sulphur’ originating in or exported from China PR and Japan.



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001