Registrars of Companies (RoCs) struck off 338,963 companies from official records in the last two financial years for failure to submit annual returns, minister of state for corporate affairs Anurag Singh Thakur told the Lok Sabha on Monday.
The minister said that the ministry through its RoCs files prosecutions against companies that have not filed financial statements from time to time.
“During 2017-18 and 2018-19, RoCs had removed/struck off 3,38,963 companies... for failing to file financial statements or annual returns for a continuous period of two or more financial years,” the minister said in a written reply.
RoCs can remove such companies from official records if they do not apply for ‘dormant status’ under the Companies Act of 2013.
#casansaar (Source - PTI, Economic Times)
Posts
Tax Corner media is online news portal for the purpose of sharing valuable information about the Income Tax, Goods and Service Tax, Company Law, Digital India, Banking Sector, Accounting and Finance Services.
Our mission is to Simplify the Tax Laws and provide latest information to the all. If you have any knowledgeable information and want to share with us, we are happy to sharing here.
Thanks for Visit.
Thanks for sharing useful Information. Being Best One of the Leading Coaching Centres in mumbai for Chartered Accountancy.
ReplyDeleteThanks for sharing useful Information. Being Best One of the Leading Coaching Centres in Hyderabad for Chartered Accountancy.
ReplyDeleteThanks for sharing useful Information. Being Best One of the Leading Coaching Centres in bangalore for Chartered Accountancy.
ReplyDelete