 "companies")
There was an overall decrease of 6.42 per cent in the number of new registrations in September 2022 compared to previous month, coinciding with the launch of version 3 of the new MCA portal. Several industry experts said that the decline could be because of system glitches in the portal. While the government has maintained that the portal has been functioning, company secretaries in various cities were seeking exemption from late fees for delayed filing due to errors on the new portal.
Activity distribution of the active companies shows that business services has been the bright spot throughout the year
