Number of closed cos registered with MCA during April 2020 to June 2021 is 17,228: Centre

The number of closed companies registered with the Ministry of Corporate Affairs (MCA) for the period from April 1, 2020 to June 30, 2021 is 17,228, Minister of State for Commerce and Industry Som Parkash informed Parliament on Friday.

However, this includes data of companies closed before onset of Covid-19 and also the cause of winding up may not necessarily be closure of industrial activity, he said in a written reply to the Rajya Sabha.

"The number of closed companies registered with MCA for the period of 1st April 2020 to 30th June 2021 is 17,228 out of which the number of closed companies in Tamil Nadu is 1,899," he said.

On special economic zones, he said at present, there are 379 notified SEZs.

In a separate reply, the minister said that in the last seven financial years (2014-20), India has received FDI (foreign direct investment) inflow worth $440.01 billion which is 58 per cent of the inflows reported in the last 21 years ($763.58 billion).

In another reply on startups, he informed that as on June 2 this year, SIDBI has committed Rs 5,409.45 crore to 71 SEBI registered Alternative Investment Funds (AIFs).

"These funds have a target corpus fund of Rs 36,790 crore. Rs 1,541.29 crore has been drawn from the FFS (fund of funds scheme) and Rs 5,811 crore has been invested into 443 startups," Parkash said.

The Fund of Funds for Startups (FFS) was established by the Department for Promotion of Industry and Internal Trade (DPIIT) in June 2016 with a corpus of Rs 10,000 crore to provide a much needed boost to the Indian startup ecosystem and enable access to domestic capital.