As per the present policy of the Ministry, companies which have not filed their Annual Returns and Balance Sheets for the last three consecutive years or more are identified as ‘dormant companies’.
The details of the dormant companies are as under:
As on 31.03.2011- 1, 74, 400
As on 07.12.2011- 1, 56, 474
The Government has no plan to ensure that only companies which has a long vision are registered.