Company registrations dip 21.4 per cent in July

Our Corporate Bureau

New Delhi, Oct 3: The current industrial slowdown seems to have taken a heavy toll on India Inc. According to an official release by the Department of Company Affairs (DCA) the number of companies registered with the government has fallen by 21.4 per cent to 1,842 during the month of July from 2,346 in the corresponding the previous year. The release further stated that the number of companies registered during July was also less than the month of June, which saw a registration figure of 1,852 companies.

Of the 1,842 companies registered during the month, 1,833 companies were limited by shares while nine companies were guarantee companies.

The total authorised capital of the 1,842 companies amounted to Rs 479.22 crore, the figures showed. The release stated that an estimated 5,79,608 companies were operating till July.

Financing, insurance, real estate and business services companies dominated the list with 501 registrations while 420 registrations were for wholesale and retail trade, restaurants and hotels.

A total of 147 construction companies and 116 community, social and personal services companies were registered during July this year.