Record 102,611 companies, LLPs incorporated till August
Ministry of Corporate Affairs (MCA).
About 2.44 million company forms were filed on the latest version of the ministry's corporate filing portal until September 10 in this financial year, against 2.29 million a year before, the data showed. Around 306,000 LLP forms were filed on the MCA21 (Version 3 or V3) portal until September 10, up from about 233,000 a year ago.
Higher incorporation comes even as some company secretaries and chartered accountants continue to flag technical glitches involving the V3 portal since its rollout for companies on January 23.
Amid the outcry over the glitches, the MCA had on July 12 allowed professionals such as CAs, company secretaries and cost accountants to merge into one or deactivate multiple user IDs.
The existence of multiple user IDs of a professional was cited as one of the most important reasons for the difficulty in corporate filings. This is because unlike its earlier avatars, the V3 portal doesn't entertain more than one ID per user to plug its abuse.
