GROWTH OF CORPORATE SECTOR DURING MAY, 2003
During the month
of MAY, 2003, 2374 companies were registered in India under the
Companies Act, 1956 as against 2099 companies registered during
the corresponding month of the previous year and 2222 companies
during the previous month. Of the 2374 companies registered during
the month, 2366 companies were limited by shares. This includes
four government public ltd. Companies viz. Dakshinanchal Vidyut
Vitaran Nigam Ltd., Madhyanchal Vidyut Vitaran Nigam Ltd. , Paschimanchal
Vidyut Vitaran Nigam Ltd. and Purvanchal Vidyut Vitaran Nigam
Ltd. The month-wise registration of new companies during 2002-03
and 2003-04 is charted below:
Besides 2366 companies
limited by shares, eight companies were registered as guarantee
companies during the month of May, 2003. The total authorised
capital of the companies limited by shares put together amounted
to Rs. 2537.3 crores. 2366 companies, limited by shares, registered
during the month consist of 100 public limited companies with
an authorised capital of Rs. 2228.2 crores and 2266 private limited
companies with an authorised capital of Rs. 309.1 crores.
The following Table indicates the
position.
|
Category of Companies
|
Govt./ Non-Govt.
|
Public/ Private
|
Number of Companies
|
Authorised Capital (Rs.
in 000)
|
|
Companies Limited by Shares
|
Govt.
|
Public
|
4
|
21000000
|
| |
|
Private
|
0
|
0
|
| |
Non-Govt.
|
Public
|
96
|
1282100
|
| |
|
Private
|
2266
|
3090546
|
|
Guarantee Companies
|
Govt.
|
Public
|
0
|
0
|
| |
|
Private
|
0
|
0
|
| |
Non-Govt.
|
Public
|
6
|
5500
|
| |
|
Private
|
2
|
50100
|
|
Unlimited Liability
|
|
|
0
|
0
|
|
Total
|
|
|
2374
|
25428246
|
The highest number
of companies, limited by shares, registered during the month were
reported from the Union Territory of Delhi (520) followed by the
State of. Maharashtra (502). The States of Tamilnadu (190), West
Bengal (166), Andhra Pradesh (153), Karnataka (146) & Gujarat
(129) also reported comparatively larger number of companies registered
during the month. These 7 States together accounted for nearly
75 % per cent of
the total number of companies registered during the month.
The analysis of new
registration by broad Industrial Classification during the month
brings out that the highest number of companies were registered
under the Industrial Classification " Manufacturing"( 821) followed
by "Financing, Insurance, Real Estate and Business Services" (644)
and "Wholesale and Retail trade, Restaurants & Hotels" (464).
The other Classification along with number of companies registered
are Construction (157), Community Social and Personal Services
(114),Transport, Storage and Communication (109), Agriculture
&Allied Activities (47) and Mining & Quarrying (10).
Of the Non- Government
companies, one hundred and eighty one each with authorised capital
of Rs.50 lakhs or above, were registered during the month of May,
2003 as against 136 in the previous month and 129 in May , 2002.
Seventy two companies
have reportedly ceased functioning during May, 2003 either by
going into liquidation or their names having been struck off under
section 560 of the Companies Act. The number of such companies
in the previous month was 97. Out of 72 such companies 11 were
Public Limited companies and 61 were Private Limited. Of these
companies 24 belonged to Punjab , 19 to Madhya Pradesh, 7 to Tamil
Nadu, 6 to Orissa, 5 to West Bengal, 4 each to Karnataka and Delhi
, 2 to U.P. and 1 to Haryana. Broad Industrial Classification
wise, out of 72 companies, 31 belonged to Manufacturing, 24 to
Finance ,Insurance Real estate & Business services, 8 to Wholesale
and Retail trade, Restaurants & Hotels, 3each to Agriculture
& Allied Activities and Construction, 2 to Transport, storage
and Communication and 1 to Community Social and Personal Services
. Taking into consideration information relating to registration,
liquidation / striking off etc. of companies, the number of companies
at work on 31.05.2003 is indicated below.
THE NUMBER OF COMPANIES
AT WORK as on 31.05.2003 is indicated below:-
|
Category of Companies
|
Govt./Non-Govt.
|
Public/Private
|
Number of Companies
|
|
Companies Limited by Shares
|
Govt.
|
Public
|
681
|
| |
|
Private
|
606
|
| |
Non-Govt.
|
Public
|
75940
|
| |
|
Private
|
539282
|
| |
SUB-TOTAL
|
|
616509
|
|
Guarantee Companies
|
Govt.
|
|
6
|
| |
Non-Govt.
|
|
3121
|
|
Unlimited Liability Companies
|
|
|
491
|
|
Total
|
|
|
6,20,127
|
