NEW DELHI: Company registrations declined almost 11% year-on-year in July, after a 12% increase in the previous month, showed corporate affairs ministry data. An official attributed the fall to an unfavourable base effect. A total of 14,887 companies, including foreign firms, were registered in July, against 16,698 a year ago, as per the data.
With this, company registrations saw year-on-year decline in three out of the first four months of this financial year, after a surge to record levels in 2023-14. Nevertheless, the monthly numbers of above 14,000 beat the long-average trend, experts said.
The registration of limited liability partnerships (LLPs) witnessed steady expansion this fiscal, barring a one-off drop in May. LLP registrations increased 21% YoY in July to 5,896.
Content Source: economictimes.indiatimes.com