Monthly Information Bulletin on Corporate Sector May 2020 HIGHLIGHTS

I. REGISTERED COMPANIES AS ON 31th May, 2020

The total number of companies registered in the country as on 31st May, 2020 stood at 2,004,040. Of them 745,979 companies were closed. 2,245 companies were assigned dormant status as per the Companies Act, 2013; 6,668 were under liquidation; 43,504 companies were in the process of being struck-off. Active in progress status is now invalid and companies under this category, lies under Active Status. Taking the above into account, there were 1,205,644 active companies as on 31st May, 2020.

1. Out of the 745,979 closed companies, 10,977 companies were liquidated/dissolved; 690,667 companies were declared defunct (and hence struck-off after issuance of notice u/s 248). 25,628 companies were amalgamated/ merged with other companies; 13,833 companies were converted to Limited Liability Partnership (LLP) and 4,874 were converted to LLP and dissolved. Table-1.1 presents the summary picture of companies count as on 31st May, 2020.

2. Out of the 1,205,644 active companies, 1,197,854 were limited by shares; 7,484 were limited by guarantee and 306 were unlimited companies. Out of the companies limited by shares, 63,698 were public, 1,105,578 were private including 28,578 one person companies. Among the public limited companies, 6,801 were listed (Table 1.2).

3. State/UT-wise distribution of registered companies indicates that Maharashtra has the highest number of companies (395,069), followed by Delhi (348,259) and West Bengal (207,200). Amongst ‘Active Companies’, Maharashtra has the maximum number of active companies (235,942), followed by Delhi (204,116) and West Bengal (126,161) as on 31st May, 2020. (Table-1.3).

4. Economic-activity wise classification of active companies reveals that highest number of companies were in Business Services (387,766) followed by Manufacturing (240,855), Trading (154,349) and Construction (101,007). Business Services comprise of Information Technology, Research & Development and other business activities such as law, audit & accounts and consultancy, etc. (Table-1.4 and Chart 1.1).

‘M&Q’ is Mining & Quarrying, ‘TS&C’ is Transport, Storage and Communication, and ‘CP&S is Community, Personal & Social Services, ‘RE&R’ is Real Estate and Renting, ’EG&W’, is Electricity Gas & Water. 13,889 active companies (Others) are having invalid Economic Activity (NIC-2004) Code.

II. ONE PERSON COMPANY

5. Up to 31st May, 2020, a total number of 28,578 One Person Companies (OPCs) were registered with collective authorized capital of Rs. 854.5 crores. Economic activity wise classification of OPCs up to 31st May reveals that the highest number of OPCs were in Business Services (15,594) followed by Community, Personal & Social Services (3,584), Manufacturing (3,087) and Trading (2,918) (Chart 2.1). During the month of May, 2020, a total of 355 OPC were registered with authorized capital of Rs. 10.92 crores. Economic activity wise classification of OPC during the month reveals that highest number of 143 OPCs were registered in Business Services, followed by 57 in Community, personal & Social Services, 54 in Manufacturing, and 54 in Trading. (Table 2.1).

III. TREND OF REGISTRATION OF NEW COMPANIES

6. An analysis of registration of new companies during May 2018 to May 2020 indicates that monthly registration of companies has increased after hitting lowest of 3,209 Companies in April, 2020 (Chart 3.1). A total of 4,835 companies were registered in May, 2020 as compared to 11,281 in May 2019. An increase (50.67%) in registration of companies has been witnessed in May 2020 over the previous month which may be due to easing down of lockdown restrictions in wake of COVID-19 outbreak (Table 3.1).

IV. REGISTRATION OF NEW COMPANIES DURING MAY, 2020

7. During the month of May 2020, a total of 4,835 companies were registered with collective authorized capital of Rs. 780.77 crores. Of them 4,806 companies were registered as Companies Limited by Shares with authorized capital of Rs. 780.76 crores; (Table-4.1).

8. Economic-activity wise classification of companies registered during May 2020 (Table-4.2 and Chart 4.1) reveals that the predominant share of companies is in Business Services (1,663) followed by Manufacturing (904), Community, personal & Social Services (705), Trading (632) and Construction (229).

‘EG&W’ is Electricity, Gas and Water, ‘TS&C’ is Transport, Storage and Communication, ‘CP&S’ is Community, personal & Social Services, ’RE&R’ is Real Estate and Renting.

9. During May, 2020, 770 (15.93%) companies were registered in Maharashtra, followed by 652 (13.49%) in Delhi, and 486 (10.05%) in Karnataka (Table-4.3).

Table 1.1 Summary Statement on Companies in India as on 31th May, 2020
	Companies Registered as on 31th May, 2020	20,04,040
1	Number of Closed Companies	7,45,979
i	No. of Companies Liquidated/Dissolved	10,977
ii	No. of Companies Defunct/ Struck-off (Section 248 of CA, 2013)	6,90,667
iii	No. of Companies Amalgamated/merged	25,628
iv	No. of Companies Converted to LLP	13,833
v	No. of Companies Converted to LLP and dissolved	4,874
2	Number of Companies lying dormant u/s 455 of Companies Act, 2013	2,245
3	Number of Companies under Liquidation	6,668
4	Number of Companies which are under the process of Section 248 of the Companies Act, 2013	43,504
6	Number of Active companies	12,05,644
Of which
Companies Limited by Shares		11,97,854
Companies Limited by Guarantees		7,484
Unlimited Companies		306

Table 1.2 : Active Companies Limited by Shares as on 31th May, 2020

Sl.

No.

Companies Limited by Shares

Government

Non- Government

Total

1

Public Limited

1,468

62,230

63,698

Of which-

i

Listed

78

6,723

6,801

ii

Unlisted

1,390

55,507

56,897

2

Private Limited

600

11,04,978

11,05,578

Of which

One Person Company

-

28,578

Total

2,068

11,95,786

11,97,854

Table 1.3: State/UT-wise Status of Companies Registered as on 31th May, 2020
Sl. No.	State	Registered	Closed	Dormant u/s 455 of CA, 2013	Under Liquidation	Under Struck- off	Active
1	Andaman & Nicobar	480	121	1	-	4	354
2	Andhra Pradesh	33,452	10,855	27	52	1,888	20,630
3	Arunachal Pradesh	622	302	-	2	59	259
4	Assam	12,119	3,725	1	15	1,162	7,216
5	Bihar	36,719	8,887	27	41	3,544	24,220
6	Chandigarh	15,035	7,571	11	64	286	7,103
7	Chattisgarh	10,853	3,083	20	6	51	7,693
8	Dadra & Nagar Haveli	553	141	-	-	8	404
9	Daman and Diu	397	105	-	3	37	252
10	Delhi	3,48,259	1,37,068	332	865	5,878	2,04,116
11	Goa	9,006	3,906	15	13	664	4,408
12	Gujarat	1,06,502	37,650	60	544	2,930	65,318
13	Haryana	51,828	13,796	87	70	1,012	36,863
14	Himachal Pradesh	6,661	2,740	8	20	262	3,631
15	Jammu & Kashmir	6,032	2,543	2	18	141	3,328
16	Jharkhand	15,360	3,550	6	12	920	10,872
17	Karnataka	1,27,311	45,226	135	580	1,970	79,400
18	Kerala	56,561	20,887	176	291	897	34,309
19	Lakshadweep	21	7	-	-	-	14
20	Leh and Ladakh	49	18	-	-	-	31
21	Madhya Pradesh	41,725	16,411	31	93	255	24,935
22	Maharashtra	3,95,069	1,50,635	346	1,946	6,200	2,35,942
23	Manipur	1,061	215	1	-	41	804
24	Meghalaya	1,064	433	1	1	68	561
25	Mizoram	181	67	-	-	7	107
26	Nagaland	607	323	1	1	34	248
27	Orissa	27,378	10,232	161	47	199	16,738
28	Pondicherry	3,319	1,906	2	6	34	1,371
29	Punjab	32,707	14,901	18	134	562	17,092
30	Rajasthan	62,066	23,627	28	90	196	38,125
31	Sikkim	2	-	-	-	-	2
32	Tamil Nadu	1,51,604	67,392	169	416	3,882	79,745
33	Telangana	1,13,931	44,893	57	266	2,656	66,059
34	Tripura	665	150	-	-	37	478
35	Uttar Pradesh	1,18,497	34,668	81	213	3,033	80,502
36	Uttarakhand	9,144	2,196	6	15	574	6,353
37	West Bengal	2,07,200	75,749	433	844	4,013	1,26,161
Total		20,04,040	7,45,979	2,243	6,668	43,504	12,05,644

Table 1.4: Economic Activity-wise Active Companies as on 31th May, 2020 (Authorized Capital in Rs. Crore)
Sl. No.	Economic Activity	Private		Public		Total
Sl. No.	Economic Activity	Number	Authorized Capital	Number	Authorized Capital	Number	Authorized Capital
I	Agriculture and Allied Activities	35,088	25,433.52	2,239	34,327.20	37,327	59,760.72
II	Industry	3,42,826	11,42,757.76	24,195	28,78,973.83	3,67,021	40,21,731.59
1	Manufacturing	2,23,180	6,91,398.44	17,675	11,05,676.13	2,40,855	17,97,074.56
i	Metals & Chemicals, and products thereof	76,193	2,85,145.64	7,663	4,68,726.28	83,856	7,53,871.92
ii	Machinery & Equipments	52,695	2,61,233.84	3,341	5,07,139.44	56,036	7,68,373.28
iii	Textiles	29,780	40,271.19	2,612	55,730.58	32,392	96,001.77
iv	Food stuffs	32,229	62,536.72	2,381	42,721.89	34,610	1,05,258.60
v	Paper & Paper products, Publishing, printing and reproduction of recorded media	14,590	15,746.52	831	16,299.74	15,421	32,046.25
vi	Others	12,305	19,208.44	487	11,596.67	12,792	30,805.10
vii	Leather & products thereof	2,879	3,680.23	186	2,048.76	3,065	5,728.99
viii	Wood Products	2,509	3,575.87	174	1,412.78	2,683	4,988.65
2	Construction	96,836	2,00,125.14	4,171	3,88,971.57	1,01,007	5,89,096.72
3	Electricity, Gas & Water companies	12,208	2,09,298.27	1,641	13,04,591.04	13,849	15,13,889.30
4	Mining & Quarrying	10,602	41,935.92	708	79,735.09	11,310	1,21,671.01
III	Services	7,50,196	13,68,897.34	37,236	21,82,425.79	7,87,432	35,51,323.13
1	Business Services	3,77,951	5,10,551.04	9,815	10,42,130.09	3,87,766	15,52,681.13
2	Trading	1,48,645	2,75,386.82	5,704	1,08,992.61	1,54,349	3,84,379.43
3	Real Estate and Renting	65,007	1,05,718.76	2,608	56,538.44	67,615	1,62,257.19
4	Community, personal & Social Services	84,460	1,02,896.47	3,935	1,50,442.18	88,395	2,53,338.65
5	Finance	37,000	2,05,354.15	13,563	4,75,266.06	50,563	6,80,620.21
6	Transport, storage and Communications	36,253	1,67,515.52	1,471	2,92,021.26	37,724	4,59,536.78
7	Insurance	880	1,474.58	140	57,035.16	1,020	58,509.74
IV	Others	11,556	48,154.40	2,308	1,40,819.88	13,864	1,88,974.28
Total		11,39,666	25,85,243.02	65,978	52,36,546.70	12,05,644	78,21,789.72

Table 2.1: Economic Activity-wise One Person Company (Authorized Capital in Rs. Lakh)
Sl. No.	Economic Activity	Up to 31.05.2020		During May, 2020
Sl. No.	Economic Activity	Number	Authorized Capital	Number	Authorized Capital
I	Agriculture and Allied Activities	484	1,768.26	10	54.50
II	Industry	4,452	16,094.80	69	233.30
1	Manufacturing	3,087	10,553.89	54	179.20
2	Construction	1,188	4,972.96	13	52.10
3	Electricity, Gas & Water companies	131	436.65	2	2.00
4	Mining & Quarrying	46	131.30	-	-
III	Services	23,639	67,549.72	276	805.00
1	Business Services	15,594	41,353.40	143	379.05
2	Community, personal & Social Services	3,584	10,374.31	57	181.95
3	Trading	2,918	10,028.28	54	176.40
4	Real Estate and Renting	560	2,614.69	6	9.50
5	Transport, storage and Communications	921	2,611.05	13	55.10
6	Finance	60	548.00	3	3.00
7	Insurance	2	20.00	-	-
IV	Others	3	35.00	-	-
Total		28,578	85,447.79	355	1,092.80

Table 2.1: Economic Activity-wise One Person Company (Authorized Capital in Rs. Lakh)
Sl. No.	Economic Activity	Up to 31.05.2020		During May, 2020
Sl. No.	Economic Activity	Number	Authorized Capital	Number	Authorized Capital
I	Agriculture and Allied Activities	484	1,768.26	10	54.50
II	Industry	4,452	16,094.80	69	233.30
1	Manufacturing	3,087	10,553.89	54	179.20
2	Construction	1,188	4,972.96	13	52.10
3	Electricity, Gas & Water companies	131	436.65	2	2.00
4	Mining & Quarrying	46	131.30	-	-
III	Services	23,639	67,549.72	276	805.00
1	Business Services	15,594	41,353.40	143	379.05
2	Community, personal & Social Services	3,584	10,374.31	57	181.95
3	Trading	2,918	10,028.28	54	176.40
4	Real Estate and Renting	560	2,614.69	6	9.50
5	Transport, storage and Communications	921	2,611.05	13	55.10
6	Finance	60	548.00	3	3.00
7	Insurance	2	20.00	-	-
IV	Others	3	35.00	-	-
Total		28,578	85,447.79	355	1,092.80

Table 2.1: Economic Activity-wise One Person Company (Authorized Capital in Rs. Lakh)
Sl. No.	Economic Activity	Up to 31.05.2020		During May, 2020
Sl. No.	Economic Activity	Number	Authorized Capital	Number	Authorized Capital
I	Agriculture and Allied Activities	484	1,768.26	10	54.50
II	Industry	4,452	16,094.80	69	233.30
1	Manufacturing	3,087	10,553.89	54	179.20
2	Construction	1,188	4,972.96	13	52.10
3	Electricity, Gas & Water companies	131	436.65	2	2.00
4	Mining & Quarrying	46	131.30	-	-
III	Services	23,639	67,549.72	276	805.00
1	Business Services	15,594	41,353.40	143	379.05
2	Community, personal & Social Services	3,584	10,374.31	57	181.95
3	Trading	2,918	10,028.28	54	176.40
4	Real Estate and Renting	560	2,614.69	6	9.50
5	Transport, storage and Communications	921	2,611.05	13	55.10
6	Finance	60	548.00	3	3.00
7	Insurance	2	20.00	-	-
IV	Others	3	35.00	-	-
Total		28,578	85,447.79	355	1,092.80

Table 2.1: Economic Activity-wise One Person Company (Authorized Capital in Rs. Lakh)
Sl. No.	Economic Activity	Up to 31.05.2020		During May, 2020
Sl. No.	Economic Activity	Number	Authorized Capital	Number	Authorized Capital
I	Agriculture and Allied Activities	484	1,768.26	10	54.50
II	Industry	4,452	16,094.80	69	233.30
1	Manufacturing	3,087	10,553.89	54	179.20
2	Construction	1,188	4,972.96	13	52.10
3	Electricity, Gas & Water companies	131	436.65	2	2.00
4	Mining & Quarrying	46	131.30	-	-
III	Services	23,639	67,549.72	276	805.00
1	Business Services	15,594	41,353.40	143	379.05
2	Community, personal & Social Services	3,584	10,374.31	57	181.95
3	Trading	2,918	10,028.28	54	176.40
4	Real Estate and Renting	560	2,614.69	6	9.50
5	Transport, storage and Communications	921	2,611.05	13	55.10
6	Finance	60	548.00	3	3.00
7	Insurance	2	20.00	-	-
IV	Others	3	35.00	-	-
Total		28,578	85,447.79	355	1,092.80

Table 2.1: Economic Activity-wise One Person Company (Authorized Capital in Rs. Lakh)
Sl. No.	Economic Activity	Up to 31.05.2020		During May, 2020
Sl. No.	Economic Activity	Number	Authorized Capital	Number	Authorized Capital
I	Agriculture and Allied Activities	484	1,768.26	10	54.50
II	Industry	4,452	16,094.80	69	233.30
1	Manufacturing	3,087	10,553.89	54	179.20
2	Construction	1,188	4,972.96	13	52.10
3	Electricity, Gas & Water companies	131	436.65	2	2.00
4	Mining & Quarrying	46	131.30	-	-
III	Services	23,639	67,549.72	276	805.00
1	Business Services	15,594	41,353.40	143	379.05
2	Community, personal & Social Services	3,584	10,374.31	57	181.95
3	Trading	2,918	10,028.28	54	176.40
4	Real Estate and Renting	560	2,614.69	6	9.50
5	Transport, storage and Communications	921	2,611.05	13	55.10
6	Finance	60	548.00	3	3.00
7	Insurance	2	20.00	-	-
IV	Others	3	35.00	-	-
Total		28,578	85,447.79	355	1,092.80

Table 2.1: Economic Activity-wise One Person Company (Authorized Capital in Rs. Lakh)
Sl. No.	Economic Activity	Up to 31.05.2020		During May, 2020
Sl. No.	Economic Activity	Number	Authorized Capital	Number	Authorized Capital
I	Agriculture and Allied Activities	484	1,768.26	10	54.50
II	Industry	4,452	16,094.80	69	233.30
1	Manufacturing	3,087	10,553.89	54	179.20
2	Construction	1,188	4,972.96	13	52.10
3	Electricity, Gas & Water companies	131	436.65	2	2.00
4	Mining & Quarrying	46	131.30	-	-
III	Services	23,639	67,549.72	276	805.00
1	Business Services	15,594	41,353.40	143	379.05
2	Community, personal & Social Services	3,584	10,374.31	57	181.95
3	Trading	2,918	10,028.28	54	176.40
4	Real Estate and Renting	560	2,614.69	6	9.50
5	Transport, storage and Communications	921	2,611.05	13	55.10
6	Finance	60	548.00	3	3.00
7	Insurance	2	20.00	-	-
IV	Others	3	35.00	-	-
Total		28,578	85,447.79	355	1,092.80