Just a moment...

⚠✕
❮ Top
☎ Help
☰
×

By creating an account you can:

Logo TaxTMI
>
Keyword Search :
AI Tools : New
Ask tax questions in natural language. Powered by AI trained on the TaxTMI legal database. Use AI Tools ➞
Call Us / Help / Feedback✕

Contact Us At :

✉ E-mail: [email protected]

✆ Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Make Most of Text Search ✕
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
    6. Text Search
  6. The system will try to fetch results that contains ALL your words.
  7. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
    8. Text Search
╳
Add to...
You have not created any category. Kindly create one to bookmark this item!
✕
Create New Category
Hide
Title :
Description :
❮❮ Hide
❮ Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search ❯
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text ❯
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ---- ❯
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----❯
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----❯
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
RelevanceDefaultDate
    No Records Found
    ❮
    ❯
    ❯❯
    MaximizeMaximizeMaximize
    0 / 200
    Expand Note
    Add to Folder

    No Folders have been created

      +

      Are you sure you want to delete "My most important" ?

      NOTE:

      Open Link
      News
      Showing Results for :
      Reset Filters
      Results Found:
      AI TextQuick Glance by AIHeadnote
      Show All SummariesHide All Summaries
      No Records Found

      News

      Back

      All News

      Showing Results for :
      Reset Filters
      Showing
      Records
      ExpandCollapse
        No Records Found

        News

        Back

        All News

        whatsappJoin Channel
        Showing Results for : Reset Filters
        Case ID :
        Corp. Laws, SEBI & IBC

        Ministry of Corporate Affairs (MCA) has filed prosecution against 780 listed companies under various sections of Companies Act, 2013 due to non-filing of Financial Statements and Annual Returns

        March 24, 2018

        📋
        Contents
        Note

        Note

        -

        Bookmark

        print

        Print

        Print Options

        Login to TaxTMI
        Verification Pending

        The Email Id has not been verified. Click on the link we have sent on

        Didn't receive the mail? Resend Mail

        Don't have an account? Register Here

        The Government has taken any steps against listed companies which are not functioning. Ministry of Corporate Affairs (MCA) has filed prosecution against 780 listed companies under various sections of Companies Act, 2013 due to non-filing of Financial Statements and Annual Returns.

        As on 31st December 2015, there were 15.19 lakh registered companies in India. Of these, 10.7 lakh companies were active in which 7,269 were listed companies. There were only 7,270 active listed companies out of 17.21 lakh registered companies as on December 2017 whereas in December 2014 there were 7,261 active listed companies out of 14.39 lakh registered companies in India.

        This was stated by Union Minister of State for Law & Justice and Corporate Affairs Shri P.P. Chaudhary in Lok Sabha.

        The Registrar of Companies (RoCs)–wise number of registered and closed companies (under section 248(2), CA 2013) during the last two (2) financial years is as under:

        Sl.No

        Name of RoCs

        FY 2015-16

        FY 2016-17

        Companies registered

         Closed Companies

        Companies registered

         Closed Companies

        1

        AHMEDABAD

                   3,692

                         1,253

                            4,645

                       1,097

        2

        ANDAMAN

                        -  

                              -  

                                 38

                            -  

        3

        BANGALORE

                   7,554

                           716

                            8,905

                         263

        4

        CHANDIGARH

                   1,344

                           447

                            1,496

                         365

        5

        CHENNAI

                   4,975

                         1,165

                            5,433

                         798

        6

        CHHATTISGARH

                      420

                             56

                               537

                           84

        7

        COIMBATORE

                   1,148

                           210

                            1,227

                         185

        8

        CUTTACK

                   1,247

                             61

                            1,523

                           62

        9

        DELHI

                  17,525

                         4,566

                           20,274

                       3,684

        10

        ERNAKULAM

                   2,202

                           467

                            3,067

                         358

        11

        GOA

                      236

                             12

                               304

                         149

        12

        GWALIOR

                   1,544

                           507

                            2,172

                         401

        13

        HIMACHAL PRADESH

                      263

                           113

                               340

                           81

        14

        HYDERABAD

                   7,938

                           235

                            8,895

                         217

        15

        JAIPUR

                   2,330

                           854

                            2,695

                         605

        16

        JAMMU

                      273

                             10

                               274

                           37

        17

        JHARKHAND

                      866

                           151

                            1,029

                           55

        18

        KANPUR

                   7,527

                         1,062

                            8,682

                         242

        19

        KOLKATA

                   4,473

                         2,089

                            4,754

                       2,628

        20

        MUMBAI

                  11,183

                         2,276

                           12,345

                       3,750

        21

        PATNA

                   2,394

                           229

                            2,711

                         101

        22

        PONDICHERRY

                        99

                             20

                                 93

                           15

        23

        PUNE

                   4,331

                           730

                            5,159

                         786

        24

        SHILLONG

                      395

                             82

                               572

                           78

        25

        UTTARAKHAND

                      522

                             37

                               678

                           19

        TOTAL

                  84,481

                       17,348

                           97,848

                     16,060

        Section 248(1)(c) of the Companies Act, 2013 provides for removal of name of company from the register of companies if it is not carrying on any business or operation for a period of 2 (two) immediately preceding financial years and has not made any application within such period for obtaining the status of dormant company u/s 455.  Based on the above mentioned provision, 2.97 lakh companies were identified under this category as on 31.03.2017 and after following due process names of 2,26,166 companies were struck off from the register of companies as on 31.12.2017. The States/UTs-wise details of such 2,26,166 companies is:

        Sl.No

        States/UTs

         Removed from Register of companies

        1

        Andaman & Nicobar

                                            76

        2

        Andhra Pradesh

                                       3,633

        3

        Arunachal Pradesh

                                          14

        4

        Assam

                                       172

        5

        Bihar

                                       1,557

        6

        Chandigarh

                                       1,453

        7

        Chhattisgarh

                                       906

        8

        Dadra & Nagar Haveli

                                            46

        9

        Daman and Diu

                                           13

        10

        Delhi

                                     43,925

        11

        Goa

                                       1,744

        12

        Gujarat

                                     11,389

        13

        Haryana

                                       3,882

        14

        Himachal Pradesh

                                       754

        15

        Jammu & Kashmir

                                       1,394

        16

        Jharkhand

                                       636

        17

        Karnataka

                                     18,165

        18

        Kerala

                                     4,059

        19

        Lakshadweep

                                              3

        20

        Madhya Pradesh

                                     4,702

        21

        Maharashtra

                                     59,849

        22

        Manipur

                                         9

        23

        Meghalaya

                                        30

        24

        Mizoram

                                            2

        25

        Nagaland

                                         6

        26

        Odisha

                                       1,824

        27

        Puducherry

                                       571

        28

        Punjab

                                     2,928

        29

        Rajasthan

                                     5,178

        30

        Sikkim

        -

        31

        Tamil Nadu

                                     24,723

        32

        Telangana

                                     16,817

        33

        Tripura

                                          14

        34

        Uttar Pradesh

                                     6,822

        35

        Uttarakhand

                                   792

        36

        West Bengal

                                     8,078

        Total

                                  2,26,166

        Non-filing prosecutions prompt enforcement action and strike-offs of inactive companies under company law provisions resulting in removals. Ministry of Corporate Affairs initiated prosecutions against 780 listed entities for failure to file financial statements and annual returns. RoC data for FY 2015-16 and FY 2016-17 show variations in registrations and closures. Under Section 248(1)(c), 2.97 lakh inactive companies were identified and 2,26,166 names were struck off by 31.12.2017 after following the prescribed process.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Non-filing prosecutions prompt enforcement action and strike-offs of inactive companies under company law provisions resulting in removals.

                              Ministry of Corporate Affairs initiated prosecutions against 780 listed entities for failure to file financial statements and annual returns. RoC data for FY 2015-16 and FY 2016-17 show variations in registrations and closures. Under Section 248(1)(c), 2.97 lakh inactive companies were identified and 2,26,166 names were struck off by 31.12.2017 after following the prescribed process.


                              Note: It is a system-generated summary and is for quick reference only.
                              You may also like:

                                Topics

                                ActsIncome Tax
                                No Records Found
                                Next ➔