Govt de-registers 1.63 lakh companies

Mumbai and Delhi accounted for over a third of the 1.63 lakh companies de-registered by the government.

The government has struck off 1.63 lakh companies from register who were not doing business for long. 
 
It has followed the process under Section 248 of the Companies Act 2013 for de-registering the companies. 
 
"After following the due process under Section 248 of the Companies Act, 2013, 1,62,618 companies were removed from the register of the companies as of July 12, 2017," Minister of State for Corporate Affairs Arjun Ram Meghwal said in a written reply to the Rajya Sabha. 
 
Mumbai and Delhi accounted for over a third of the 1.63 lakh companies de-registered by the NDA government.
 
In Mumbai, the number stood at 33,000, while it was 22,863 in Delhi.
 
In the case of Hyderabad, the number of companies de-registered stood at 20,588 and for Chennai, the number was 12,133.
 
Thus, all these four cities account for over 50 per cent of the 1.63 lakh companies de-registered by the Registrar of Companies.
 
The number also included 38,000 shell companies that were de-registered.
 
Source: Media reports

Add new comment