22.98 lakh DIR-3 KYC forms filed in India's first half FY25, surpassing FY24 total and indicating 5% increased company incorporations.

India's Ministry of Corporate Affairs (MCA) reported a record 22.98 lakh DIR-3 KYC forms filed in the first half of FY25, surpassing the total for FY24. This increase indicates a positive business climate, with new company and LLP incorporations rising by nearly 5%. The MCA is focused on improving user experience on the MCA-21 portal and has established a special team to address compliance grievances, enhancing corporate governance transparency.

October 01, 2024
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