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    Nagaland tax revenue rises to Rs 1,597 crore in FY'26
    India's Russian crude imports hit record for second straight month
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    Rupee falls 11 paise to close at 95.28 against US dollar on firm crude oil prices
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    Rupee falls 8 paise to 95.25 against US dollar in early trade
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    Government signs strategic MoUs with key industry leaders and ecosystems to strengthen support to StartUps
    No Charges for UPI Users
    Competition Commission of India (CCI) hosts BRICS Heads of Competition Authorities 2026 meeting
    ICoAS fraternity reaffirms commitment to cost optimisation for Atmanirbhar Bharat on ICoAS day 2026
    Govt to introduce bill in Lok Sabha to broaden NCDC's mandate for co-operative sector growth
    AAP govt indulged in large-scale financial irregularities, caused losses to exchequer: Delhi minister
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    RJD criticises UDF govt's move not to disburse pensions through cooperative banks
    Raymond Limited reports a healthy Q1 FY27 performance
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    RBI has proactively helped UCBs; cooperatives should look at regulator differently: Shah
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    August 10, 2026
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    GST constituted the principal component of tax revenue for the 2025-26 fiscal year. Tax administration faces staff shortages, information-technology upgrade needs, and increased workloads from taxpayer registrations and return filings. Compliance oversight requires GST data scrutiny, risk assessment, identification of unregistered taxpayers, tax-evasion detection, and field verification of high-risk taxpayers. Long-term revenue planning sets progressively higher collection targets through 2063.
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    Rupee depreciation reflected stronger dollar, elevated crude prices and geopolitical uncertainty, while portfolio inflows and equity gains provided support.
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    August 10, 2026
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    Foreign-exchange market conditions weakened the rupee as stronger dollar and crude prices offset support from reserve growth and inflows.
    Foreign-exchange market conditions saw the rupee weaken against the US dollar in early trading, influenced by a stronger dollar and higher global crude oil prices. Foreign institutional equity inflows and increased foreign-exchange reserves moderated pressure on the rupee. Market attention remained focused on developments in West Asia and the Reserve Bank of India, alongside movements in the dollar index, crude oil prices and domestic equity markets.
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    Export facilitation for GI-tagged Mithila Makhana enabled the first commercial sea-route shipment from Bihar to Australia. APEDA, in association with the Bihar agriculture department, supported market access, coordination, capacity building and stakeholder engagement. The export model is intended to improve farmer price realisation, require adherence to global quality standards, and strengthen growers, processors and exporters. A separate HS Code for Makhana has taken effect under the Finance Bill, 2025, supporting product-specific trade classification.
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    August 8, 2026
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    Korean food export promotion combines buyer consultations, regulatory guidance and consumer experiences to support entry into Indian and South Asian markets.
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      Corp. Laws, SEBI & IBC

      Vanishing Companies.

      August 25, 2011

      Contents
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      Press Information Bureau
      Government of India
      Ministry of Corporate Affairs

      25-August-2011 17:42 IST

      Vanishing Companies

      25     L

                     

              The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabha that  238 Companies have been identified as vanishing companies.

                      Companies which had raised funds through Initial Public Offer were    identified as Vanishing Company for

      (i)     non maintaining of their registered office;

      (ii)    non- traceability of directors(iii)  non- filing of statutory returns/ listing requirements with the concerned Registrar of Companies / Stock Exchange for a period of 2 years. Out of 238 companies identified as vanishing companies, 119 companies have now become regular in filing their returns with the concerned Registrar of Companies. In addition, 32 companies have gone into liquidation. Thus, as on date, there are 87 companies which still remain identified as vanishing companies. The State-wise list of 87 vanishing companies is enclosed as Annexure I. 86 Prosecutions under Section 63/ 68 and 628 of the Companies Act, 1956 for mis-statement in the prospectus, fraudulently inducing persons to invest money and for false statement etc were filed against the company and its directors. Besides, 82 FIRs were also lodged with the Police to trace out the whereabouts of the companies and their directors.

       

                      The Minister was replying to a written question on   the total number of companies which were identified as vanishing companies; identified the reasons for working of vanishing   companies;  the number of vanished companies which were found working in the country at  present, State-wise; and the action taken against the promoters/ directors in these companies?

      *****

                  ST/-

       

       

       

       

       

       

       

      Annexure-I

      List of  Vanishing Companies (State-wise)

       

      S. No.

      Name of the Vanishing Company

      State

      1.        

      Aashi Industries Ltd (Formerly known as Aashi Pharmachem Ltd)

      Gujarat

      2.        

      Bhavna Steel Cast Ltd.

      Gujarat

      3.        

      Citizen Yarns Ltd.

      Gujarat

      4.        

      Cromakem Ltd

      Gujarat

      5.        

      Frontline Financial Services Ltd.

      Gujarat

      6.        

      Genuine Commodities Development Co. Ltd.

      Gujarat

      7.        

      Girish Hotels Resorts and Health Farms Ltd.

      Gujarat

      8.        

      Growth AgroIndustries Ltd.

      Gujarat

      9.        

      Kesar Greenfield International Ltd                                                                    

      Gujarat

      10.     

      Lyons Industrial Estate Enterprises Ltd (formerly known as Lyons Range Finance Ltd.)

      Gujarat

      11.     

      Manav Pharma Ltd.

      Gujarat

      12.     

      Marine Cargo Company Ltd.

      Gujarat

      13.     

      Naisargik Agritech (India) Ltd.

      Gujarat

      14.     

      Naturo Pest Ltd.

      Gujarat

      15.     

      Nishu Fincap Ltd. (Formerly known as Medha Finance & Securities Ltd.)

      Gujarat

      16.     

      Pur Opale Creations Ltd (formerly known as Nuline Glassware (India) Ltd.)

      Gujarat

      17.     

      Protech Circuit Breakers Ltd.

      Gujarat

      18.     

      Protech Switchgears Ltd.

      Gujarat

      19.     

      Shree Yaax Pharma & Cosmetics Ltd.

      Gujarat

      20.     

      Shreeji Dyechem Ltd.

      Gujarat

      21.     

      Shri Mahalaxmi Agricultural Developments Co. Ltd.

      Gujarat

      22.     

      Spil Finance Ltd.

      Gujarat

      23.     

      Super Domestic Machines Ltd.

      Gujarat

      24.     

      Sushil Packagings (India) Ltd.

      Gujarat

      25.     

      Tirth Plastics Ltd.

      Gujarat

      26.     

      Topline Shoes Ltd

      Gujarat

      27.     

      Aditya Alkaloids Ltd.

      Andhra Pradesh

      28.     

      Canara Credit Ltd.

      Andhra Pradesh

      29.     

      Daisy Systems Limited

      Andhra Pradesh

      30.     

      Imap Technologies Limited

      Andhra Pradesh

      31.     

      Kamakshi Housing Finance Ltd. (Presently known as Kisha Impex Ltd.

      Andhra Pradesh

      32.     

      Deccan Petroleum Ltd.

      Andhra Pradesh

      33.     

      Orpine Systems Limited

      Andhra Pradesh

      34.     

      Chhakri Tyres & Tubes Ltd. or Rhino Tyres Ltd. (Presently known as Raam Tyres Ltd.)

      Andhra Pradesh

      35.     

      Sequel Soft India Limited

      Andhra Pradesh

      36.     

      Sibar Media & Entertainment  Limited

      Andhra Pradesh

      37.     

      Sibar software services India) Ltd

      Andhra Pradesh

      38.     

      Swal Computers Ltd

      Andhra Pradesh

      39.     

      Visie Cyber Tech Ltd.

      Andhra Pradesh

      40.     

      Ambuja Zinc Ltd.

      Bihar

      41.     

      Bodh Gaya Ceramics Ltd.

      Bihar

      42.     

      Cilson Organics Ltd.

      Bihar

      43.     

      Shree Vaishnavi Printing and Dyeing Ltd.

      Bihar

      44.     

      Carewell Hygiene Products Ltd

      Chandigarh

      45.     

      Sukhchain Cements Ltd. (formerly known as Ganapati Cements Pvt. Ltd.)

      Chandigarh

      46.     

      Kedia Infotech Ltd (formerly known as Grives Hotels Ltd.)

      Delhi

      47.     

      Hoffland Investments Ltd.  (formerly known as Vadra Investments Ltd.)

      Delhi

      48.     

      Simplex Holdings Ltd

      Delhi

      49.     

      Star Electronics Ltd.

      Delhi

      50.     

      Zed Investments Ltd.

      Delhi

      51.     

      Flora Wall Coverings Ltd. 

      Karnataka

      52.     

      Ocean Knits Limited

      Karnataka

      53.     

      Hi-Tech Drugs Ltd

      Madhya Pradesh

      54.     

      Madhyavart Exxoil Ltd

      Madhya Pradesh

      55.     

      Rajadhiraj Industries Ltd.

      Madhya Pradesh

      56.     

      South Asian Mushrooms Ltd.

      Madhya Pradesh

      57.     

      Sterling Kalk Sand Bricks Ltd.

      Madhya Pradesh

      58.     

      Caldyn Aircon Ltd

      Maharashtra

      59.     

      Gobal Exhibitions Ltd. (Formerly known as Global Network Ltd.)

      Maharashtra

      60.     

      Hitesh Textile Mills Ltd.

      Maharashtra

      61.     

      Ichakalanji Soya Ltd.

      Maharashtra

      62.     

      Pashupati Cables Ltd.

      Maharashtra

      63.     

      Realtime Finlease Ltd.

      Maharashtra

      64.     

      Rusoday & Company Ltd.

      Maharashtra

      65.     

      Sparkle Foods Ltd.

      Maharashtra

      66.     

      Vipul Securities Ltd.

      Maharashtra

      67.     

      Universal Vita Alimentare Ltd.

      Orissa

      68.     

      Hallmark Drugs and Chemicals Ltd. (formerly known as Lifeline Drugs Ltd.)

      Punjab

      69.     

      Amigo Exports Ltd.

      Tamil Nadu

      70.     

      Crestworld Marines Ltd.

      Tamil Nadu

      71.     

      Ma Capital Market Services Ltd.

      Tamil Nadu

      72.     

      Nagarjuna Jiyo Industries Ltd.

      Tamil Nadu

      73.     

      PK Vaduvammal Finance & Investments Ltd.( Presently known as Novel Finance (I) Ltd.

      Tamil Nadu

      74.     

      Panggo Exports Ltd.

      Tamil Nadu

      75.     

      Sai Graha Finance and Engineering Ltd.

      Tamil Nadu

      76.     

      Shyam Printers & Publishers Ltd.

      Tamil Nadu

      77.     

      AVR Securities Ltd.

      Tamil Nadu

      78.     

      Global Blooms India Ltd.

      Tamil Nadu

      79.     

      Rizvi Exports Ltd.

      Uttar Pradesh

      80.     

      Shefali Papers Ltd.

      Uttar Pradesh

      81.     

      Siddhartha Pharmachem Ltd.

      Uttar Pradesh

      82.     

      Vidiani Agrotech Industries Ltd.

      Uttar Pradesh

      83.     

      Asian Vegpro Industries Ltd

      West Bengal

      84.     

      Kiev Finance Ltd.

      West Bengal

      85.     

      Oriental Remedies and Herbals Ltd.

      West Bengal

      86.     

      SSK Fiscal Services Ltd.

      West Bengal

      87.     

      Saket Extrusions Ltd.

      West Bengal

       

      ******************

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