The Government has taken note of unregistered companies operating in the country without registration or incorporation under the Companies Act, 1956. During the last three years and the current year two cases have come to notice as under:

• Speakasia Online Pte Ltd. (incorporated in Singapore);
• Krishi Vipadan Vikas Limited;

 Investigation into the affairs of Speakasia Online Pte Ltd. has been conducted and instructions for filing prosecution have been issued in respect of non-compliance of the Companies Act, 1956. The investigation report has also been shared with other enforcement/regulatory agencies for appropriate action. In case of Krishi Vipadan Vikas Limited, prosecution has been filed under Section 453 of the Companies Act, 2013 .

 This information was given by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Lok Sabha today.

Unregistered company operation: prosecution pursued for noncompliance with company law and investigations shared with enforcement agencies. Unregistered companies operating without incorporation under company law were investigated and identified for non compliance, leading to directions to file prosecutions and sharing of investigation reports with other enforcement and regulatory agencies to enable coordinated action; one entity has had prosecution instituted under company law provisions relating to unlawful corporate activity.