Number of registered companies in India crosses 13-lakh mark

NEW DELHI: The total number of registered companies in the country has crossed 13 lakh mark, but 1.44 lakh of these firms are 'dormant' and have not filed their annual returns for past three years.

As on May 31 this year, there were 13.21 lakh companies registered with Ministry of Corporate Affairs.

Of these, as many as 2.6 lakh companies have been closed for various reasons including court order and voluntary winding up, while another 30,435 firms are in the process of being liquidated, an official statement said.

Besides, 1.44 lakh companies have not filed their annual returns/ balance sheets for more than past three consecutive years and are classified as 'dormant'.

There are 8.77 lakh active companies of which 1.5 lakh had been incorporated within the preceding 18 months.