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M&As: Anticipated 'deal value threshold' norms Imminent, says CCI chief Ravneet Kaur

India sees incorporation of1.85 lakh companies in 2023-24

More than 1.85 lakh companies were registered in the country last fiscal, higher than the count recorded in the year-ago period, and nearly 16,600 companies were set up in march this year, according to official data. as per the data, 1,59,524 companies were registered with a collective paid up capital of rs 18,132.16 crore in 2022-23. at the end of march 2024, the country had a total number of 26,63,016 companies and out of them, 16,91,495 companies or 64 per cent were active.

India sees incorporation of 1.85 lakh companies in 2023-24

During FY 2023-24, a total of 1,85,312 companies were registered with a collective paid up capital of Rs 30,927.40 crore, according to the corporate affairs ministry s information bulletin for March.

Corporate affairs ministry bats for effective cost audits to curb corporate frauds

Corporate Affairs Ministry highlights the importance of cost audits in preventing manipulation by companies, such as misleading banks and evading taxes like GST. Compliance with the Companies Act, 2013 is crucial for monitoring cost records.