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More than 3.82 lakh companies struck off till financial year 2020-21 in Special Drives taken by Registrar of Companies Under the Special Drives taken by Registrar of Companies,3,82,875 number of companies ware struck off u/s 248 (1) of the Companies Act till the financial year 2020-21. 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. Explaining further, the Minister stated that there is no defini
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FAQ :
More than 3.82 lakh companies (3,82,875) were struck off by the Registrar of Companies till the financial year 2020-21.
These companies were struck off under Section 248 (1) of the Companies Act.
Companies were struck off if the Registrar of Companies had reasonable cause to believe they were not carrying on any business or operation for two immediately preceding financial years, and had not applied for dormant company status.
No, there is no specific definition of the term 'Shell Company' in the Companies Act, 2013.
A Special Task Force recommended using certain 'red flag' indicators as alerts for identifying suspected Shell Companies.
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