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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

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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

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