According to a data released by the Ministry of Corporate Affairs, out of the total 18,94,146 registered companies, 6,83,317 have closed down as on May 2019. The total number amounts to 36%. The number even includes 10,681 organisations, which were declared defunct by the government and eventually removed under Section 248, (Power of Registrar to remove name of company from register of companies). Further, 23,096 companies were also merged with other organisations; 11,275 companies were converted to Limited Liability Partnership (LLP) and 4,794 were converted to LLP and then dissolved.