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Your email address will not be published.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 *

*

x

Check Also

ECONOMIC SURVEY 2022-23 PROJECTS A BASELINE GDP GROWTH OF 6.5 PER CENT IN REAL TERMS IN FY24

India to witness GDP growth of 6.0 per cent to 6.8 per cent in 2023-24, ...

Data on Employment in MSMEs

As per Udyam registration portal, the number of persons employed in the MSMEs which are ...

Contribution of MSMEs and Cottage Industry to GDP

As per the information received from Ministry of Statistics and Programme Implementation, the share of ...

Details of Fund Collected Under District Mineral Foundation by Different States

The Central Government under Section 20A of the MMDR Act has issued directions and circulated ...

Plastic Recycling Targets

Unmanaged and littered plastic waste including plastic packaging waste has adverse impacts on terrestrial and ...

New Airports Constructed and Upgraded

The Government has accorded ‘In-principle approval’ for setting up of 21 Greenfield Airports across the ...

25 Airports Authority of India airports have been earmarked for leasing over the years 2022 to 2025.

As per National Monetization Pipeline (NMP), 25 Airports Authority of India (AAI) airports namely Bhubaneshwar, ...

Policy for Promotion of Software Exports

As per National Association of Software & Services Companies (NASSCOM), exports from Indian Information Technology/ ...

Measures taken by Government to boost exports

The Government has taken the following measures to boost exports and reduce trade deficit: Foreign ...

Import of Food grains and Value-Added Food Products

Import as well as export of agri commodities including food-grains & value-added food products etc. ...

WP2Social Auto Publish Powered By : XYZScripts.com