Home » Corporate » 12,892 companies removed from Registrar of Companies in 2020-21

12,892 companies removed from Registrar of Companies in 2020-21

The removal of name of companies from the Registrar of Companies is a continuous process. This was stated by Union Minister of State for Corporate Affairs Shri Rao Inderjit Singh in a written reply to a question in Rajya Sabha today.The Minister stated that companies can also apply for removing the name of the company u/s 248(2) of the Act, which is an online application. Inactive company is defined in Explanation in (i) to sec 455(1) of the Act, whereby the companies can obtain the status of a Dormant Company, the Minister added.

Giving more details of such companies, the Minister stated as under:

Year No. of companies removed from the Register of Companies under section 248(1) and 248(2) of the Act. No. of Dormant     Companies
2019-20 2,933 48
2020-21 12,892 19

In response to a question on inactive and “Shell Companies”, the Minister stated that there is no definition of the term “Shell Company” in the Companies Act, 2013 (the Act). However, the Minister stated that pursuant to the provisions of section 248 (1) of the Act where the Registrar has reasonable cause to believe that the companies that are not carrying on any business or operation for a period of two immediately preceding financial years and has not made any application within such period for obtaining the status of a dormant company under section 455, shall, after following the due process of law, remove the name of those companies from the Register of Companies.

The Minister also stated that there is no Scheme called Saral Nikas Yojana by the Government.

About IIPnews

Leave a Reply

Your email address will not be published. Required fields are marked *



Check Also

Uniform Code of Pharmaceutical Marketing Practices

The Government has put in place a Uniform Code for Pharmaceutical Marketing Practices (UCPMP) for ...

Pharmacopoeia Commission for Indian Medicine

The Government of India has established Pharmacopoeia Commission for Indian Medicine & Homoeopathy (PCIM&H), as ...

Treatment of Mine Water

As per Rule 41 of the Mineral Conservation and Development Rules (MCDR), 2017, leaseholders are ...

Illegal mining of beach sand minerals

Ministry of Mines has invited comments/suggestions of the stakeholders viz, Central Government Ministries/Departments, States Governments ...

As per the information available on Sambandh Portal (as on 28.07.2022), the details of procurement ...

Funds Allocated and Utilised Under National Clean Air Programme

National Clean Air Programme (NCAP), which was launched by the Ministry of Environment Forest &Climate ...

1,67,080 companies registered in FY 2021-22 as compared to 1,55,377 in FY 2020-21

Limited Liability Partnership (LLP) and Companies are incorporated under the Ministry of Corporate Affairs as ...

Coal crisis in the country

The coal stock available with the thermal power plants (TPP) of the country monitored on ...

Expansion of coal mines

In order to enhance the coal production to meet the country’s energy requirement, Ministry of ...

India has signed Bilateral Air Service Agreement with 116 countries

Any designated foreign airline can operate to/from a point in India if it is designated ...

WP2Social Auto Publish Powered By : XYZScripts.com