There are around 10.68 lakh active unlisted private limited companies and 66,063 unlisted public limited companies operating in the country, the lok Sabha was informed on Friday.
Of the 10,68,829 active unlisted private limited companies, 2,10,367 are registered in Maharashtra, 1,97,333 in Delhi and 1,24,148 registered in West Bengal, Finance Minister Arun Jaitley said during Question Hour. Among the 66,063 active unlisted public limited companies, 13,030 were registered in Maharashtra, 11,607 in Delhi and 9,311 in West Bengal.
Jaitley said the Companies Act, 2013 [Section 29] provides power to the Government to mandate that, as in the case of listed public companies, other classes of public firms should also issue securities in dematerialised form. Accordingly, the ministry carried out consultations with SEBI, depositories and other stakeholders to mandate, in a phased manner, for public unlisted companies.