A Study on Growth of Indian Corporate Sectors in India- A Paradigm Shift to Economic Development
Objectives and research methodology: This study mainly investigates that total number of companies registered in State/UT-wise, economic activity-number wise, Authorized Capital Range wise , authorized capital wise, one person company(OPCs) wise and foreign companies wise as on 30th June 2018. The research study is explorative in nature and will be based on in-depth analysis of data and statistics, collected from the secondary sources. In this study used descriptive statistical tools such as percentage analysis, tables, and charts are used for analysis and interpretation of data.
Results and findings: The results of research study indicated that total number of companies registered and active companies 17, 79,761 and 11, 89,826. Out of them 71,506 were public, 11,10,371 were private including 18,153 one person companies. Maximum of registered and active companies are in Maharashtra, Delhi and west Bengal. Highest of active companies are in services sectors (65%) and industry sectors (31%). Total numbers of 18,153 one person companies (OPCs) were registered with collective authorized capital of Rs. 461.06 crore. Total of 4,678 foreign companies were registered in India, of which 3,379 of them were active as on 30th June 2018.
Suggestion and conclusions: This study finally suggested that government of India, State/ Union governments and other regulators agencies should improve existing and create new infrastructure in easy doing business indicators for Indian and foreign investors on regulation for starting a business like land acquisition, dealing with various laws permits, getting electricity and manpower, registering property, getting loans, subsidies, interest free loans and advance, protecting investors investments, improving various direct and indirect tax management system.
Key words: MCA21, Company, Investments, Corporate Governance.OPC