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    Government identified 2,38,223 companies as shell companies between 2018-2021
    104 startups from different sectors have currently on boarded on the Startup India Showcase Platform
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July 27, 2021
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Shell company identification: government used red flag indicators and strike off powers to remove non operational entities from the register.
The Government announced an administrative initiative targeting entities characterised as shell companies-companies without active operations or substantial assets that may facilitate tax evasion, money laundering, concealment of ownership and benami holdings-noting the Companies Act has no statutory definition and relying on red flag indicators recommended by a Special Task Force. A Special Drive used the statutory strike off mechanism, with RoC wise strike off data published to show removal of non operational entities from the register.
July 19, 2021
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Startup recognition eligibility enables DPIIT to list eligible startups on Showcase after Apex Committee selection and no-dues declaration.
DPIIT operates the Startup India Showcase as an online discovery and networking platform for DPIIT-recognized startups. Selection is carried out by an Apex Committee from applications, state recommendations, and other nominees; selected startups must provide a self-declaration of no dues to statutory bodies before their profiles are published. The platform offers multimedia profile visibility, social and direct-connect links, search and filter discovery tools, and aggregates startups validated by competitions or procurement for priority consideration by government and corporate buyers.

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Acts Income Tax