Just a moment...
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
Press 'Enter' to add multiple search terms. Rules for Better Search
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
Don't have an account? Register Here
Registrars of Companies have withdrawn the following number of prosecution cases, filed against various companies during the last three years and the current year:
| 2012-13 | 2013-14 | 2014-15 | Current Year |
No. of cases withdrawn | 4912 | 3375 | 2182 | 38 |
The cases withdrawn relate to defaults in filing of Balance Sheets and Annual Returns for respective years. Broadly, reasons for withdrawal are:
This was stated by Shri Arun Jaitley, Union Finance Minister in written reply to a question in the Rajya Sabha today.
Withdrawal of prosecution cases for company filing defaults follows remedy, striking off, or compounding of offences. Withdrawal of prosecution cases was effected by Registrars of Companies for prosecutions arising from defaults in filing balance sheets and annual returns where defaults were remedied, companies were defunct and processed for striking off, or matters were resolved by compounding of offences under the Companies Act framework, representing an administrative discontinuance of prosecution proceedings for such filing defaults.Press 'Enter' after typing page number.