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TheMinistry of Corporate Affairs (MCA) administers the Companies Act, 2013 (the Act), Limited Liability Partnership Act, 2008 and Insolvency and Bankruptcy Code, 2016. There is no provision for weeding out the Companies in the Act. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance Corporate Affairs, in a written reply to a question in Lok Sabha today. However, the Minister further stated that during the current financial year 2020-2021 i.e. from the month of
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FAQ :
The MCA struck off 10,113 companies between April 2020 and February 2021.
They were struck off for not carrying on any business or operation for two immediately preceding financial years and not applying for dormant status.
The companies were struck off by invoking the provisions of section 248(2) of the Companies Act.
As of 31st January 2021, there were 12,59,992 private limited companies registered with active status.
65% of active eligible private limited companies filed their financial statements for the year ended 31st March 2020.
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