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The government removed the names of 4,32,796 companies from the list, check quickly …

FM Nirmala Sitharaman The Central Government has removed the names of many companies from the registered list. The Finance Minister has given information about this today. The government on Tuesday said that as part of a special drive launched to identify dormant firms, the names of 4,32,796 companies have been removed from the registered list till 2021-22.

Finance Minister gave information
Finance Minister Nirmala Sitharaman, in a written reply to a question, has said in the Rajya Sabha that a special drive has been launched to identify dormant companies and remove their names from the Registrar of Companies list under Section 248 of the Companies Act. Under these special campaigns, the names of 4,32,796 companies have been removed from the list till the year 2021-22.

Names of 49,921 companies removed during 2021-22
He said that during 2021-22 alone, the names of 49,921 dormant companies have been removed from the list.

Know what is the matter?
In response to another question, the Finance Minister has said that no definition of a shell company has been given in the Companies Act, 2013. ‘Shell’ company means a company not carrying on active business operations and not having significant assets. These assets are used in some cases for illegal purposes such as tax evasion, money laundering, maintaining ambiguity of ownership, holding benami assets, etc.

Orders given for these companies
At the same time, the ministry has also disqualified 5,68,755 directors under section 164(2) of the Companies Act, he said. Further, based on information received from various banks, the government had ordered a probe into the actual ownership of 68 companies that had deposited more than 25 crores in bank accounts and withdrawn funds after the announcement of demonetisation. .

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