Over 2 lakh private enterprises in India terminated operations between FY21 and FY25, according to data provided by Union Corporate Affairs Ministry. The firms closed as a result of conversion, merging, dissolution, or being struck off under the Companies Act of 2013. In FY23, 82,125 corporations were abolished during the government's drive to shed defunct entities.
short by
Shristi Acharya /
10:54 pm on
01 Dec