Companies showing abnormal number of shareholders in e-Form 20B as per MCA data

Last updated: 23 June 2011

"Ministry has observed that some listed companies have shown abnormal figure of their shareholders in their Annual Return (e-form no. 20B) filed with the Registrar of Companies. A list of 12 such companies are as under :

Companies showing abnormal number of shareholders in e-Form 20B as per MCA data

S. No.	CIN	NAME OF THE COMPANY	Total number of shareholders as shown at III (share breakup) in e-form 20B filed by the company	Total number of shareholders as observed from the attach documents of the Company.	AGM DATE
1	L65990MH1981PLC023839	TURBOTECH ENGINEERING LIMITED	1	362	30/09/10
2	L74899DL1993PLC053561	KARMATH LEASING & HOLDINGS LIMITED	1	Not Available	30/09/10
3	L74899DL1981PLC012350	PARV HOLDINGS LIMITED	3	98	30/09/10
4	L01113WB1988PLC043816	EASTERN FIBRE INDUSTRIES LTD	5	Not Available	06/09/10
5	L74899WB1984PLC150539	MAHAN EXIMP LIMITED	5	Not Available	30/07/10
6	L17120AP1962PLC000923	SURYA LAKSHMI COTTON MILLS LTD	6	5771	29/09/10
7	L51100GJ1992PLC017613	WELTERMAN INTERNATIONAL LIMITED	4441300	Not Available	09/09/10
8	L01119AP1990PLC011554	NATURITE AGRO PRODUCTS LIMITED	5296000	Not Available	30/09/10
9	L51109WB1983PLC035918	DEEVEE COMMERCIALS LTD	6136736	Not Available	27/09/10
10	L26101WB2003PLC095604	KARUNA IMPEX ENTERPRISES LIMITED	12602820	Not Available	27/09/10
11	L92490TN1994PLC027709	RAJ TELEVISION NETWORK LIMITED	12978336	18097	20/09/10
12	L67120WB1994PLC063008	GREENEARTH RESOURCES AND PROJECTS LIMITED	290296040	113841	30/09/10

Note : S.No. 1 to 6 showing minimum shareholders and S.No. 7 to 12 are showing maximum shareholders.

It appears that the signatories of e-form 20B of above companies including certifying practicing professionals have not verified the figures of number of shareholders from the records of the company. It can also be inferred that by putting figure of only 1 (one shareholder) in a listed company, the practicing professionals have not discharged their duties prudently and are liable for professional misconduct. The signatory Directors and company secretaries of these companies are also liable for furnishing wrong information in the Form.

The Regional Directors have been directed to examine the above lapses on the part of companies and by practicing professionals and to furnish their report to the Ministry for initiating further action in the matter. "