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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 thatcompanies 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
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FAQ :
In the financial year 2020-21, 12,892 companies were removed from the Register of Companies.
The removal of companies was stated by Union Minister of State for Corporate Affairs Shri Rao Inderjit Singh.
A company's name can be removed if the Registrar has reasonable cause to believe it has not been carrying on business for two preceding financial years, or companies can apply online for removal under section 248(2) of the Act.
An inactive company is defined in the Act whereby companies can obtain the status of a Dormant Company.
No, there is no definition of the term 'Shell Company' in the Companies Act, 2013.
The Minister stated that there is no scheme called Saral Nikas Yojana by the Government.
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