GROWTH OF CORPORATE  SECTOR DURING  APRIL,2005

                                                    

 

            During the month of April, 2005, 4083 companies were registered in India under the Companies Act, 1956 as against 3183 companies registered during the corresponding month of the previous year and 4703 companies during the previous month. Of  the 4083 companies registered during the month, 4065 companies were limited by shares.This  includes one government private limited company viz.Pondicherry Tourism Development Corporation Limited. The monthwise registration of new companies during 2003-04 and 2005-06 is charted below:

 

 

 

 

  1. During the month of April, 2005, besides 4065 companies limited by shares, 18 guarantee companies were also registered. The total authorised capital of the companies limited by shares put together amounted to Rs. 938.3 crores. Out of 4065 companies, limited by shares, registered during the month, 117 were  public limited companies with an authorised capital of Rs. 191.1 crores and 3948 were private limited companies with an authorised capital of Rs.747.2 crores.

 

 The following Table indicates the position of newly registered companies:-

 

 

TABLE

 

Category of Companies

Govt./ Non-Govt.

Public/ Private

Number of Companies

Authorised Capital (Rs. in 000)

Companies Limited by Shares

 

Govt.

Public                                        

0

0

Private

1

50000

Non-Govt.

Public

117

1910960

Private

3947

7421615

Guarantee Companies

Govt.

Public

0

0

Private

0

0

Non-Govt.

Public

7

1050

Private

11

3100

Unlimited Liability

 

 

0

0

Total

 

 

4083

9386725        

           

3.         The highest number of companies, limited by shares, registered during the month was reported from the Union Territory of Delhi (1058) followed by the State of Maharashtra (742). The States of  Tamil Nadu (391), Andhra Pradesh (286),West Bengal(274), Karnataka (222) & U.P. (211) also reported comparatively larger number of companies registered during the month. These 7 States together accounted for nearly 78% of the total number of companies registered during the month.

 

 

4.      The analysis of new registration of companies limited by shares by broad Industrial Classification during the month brings out that the highest number of companies were registered under the Industrial Classification "Finance, Insurance, Real Estate and Business Services" (1307) followed  by   "Manufacturing"(1085) and "Wholesale and Retail trade, Restaurants & Hotels" (692). Other industrial Classification along with number of companies registered are Construction (562), Community,Social and Personal Services (165), Transport, Storage and Communication (141), Agriculture &Allied Activities (68) and Mining & Quarrying (45.)

 

                                                                                                                                                                       

 

5.  During the month of April, 2005, 361(Three hundred sixty one  ) Non-Government Companies (each with authorised capital of Rs.50 lakh or above), were registered as against  408 in the previous month and 254 in the corresponding month of the previous year i.e.April, 2004.

 

6.         46 companies limited by shares have reportedly ceased functioning during April, 2005 either by going into liquidation or their names having been struck off under section 560 of the Companies Act. The number of companies liquidated / struck off  in the previous month was 25 . Out of 46 such companies, 15 were public limited and 31 were private limited companies. Out of these 46 companies ,35 belonged to Punjab, 4 each  to Andhra Pradesh and Rajasthan, 2 to Tamil Nadu  and  1 to West Bengal. Broad Industrial Classification wise, out of these 46 companies limited by shares , 24 belonged to Manufacturing sector , 13 belonged to Finance,Insurance,Real Estate & Business services, 4 each  belonged to Wholesale & Retail Trade and Restaurants & Hotels and  Agriculture & Allied activites , and 1 belonged to Transport,Storage & Communication. Taking into consideration  information relating to registration, liquidation / striking off etc. of companies, the number of companies at work on 30.04.2005 is indicated below:

 

  

            THE NUMBER OF COMPANIES AT WORK as on 30.04.2005

 

Category of Companies

Govt./Non-Govt.

Public/Private

Number of Companies

Companies Limited by Shares

Govt.

Public

719

Private

610

Non-Govt.

Public

77683

Private

604645

SUB-TOTAL

 

 

6,83,657

Guarantee Companies

Govt.

 

7

Non-Govt.

 

3443

Unlimited Liability Companies

 

 

496

Total

 

 

6,87,603