<h1>Government Removes 382,581 Shell Companies in 3 Years for Non-Compliance Under Companies Act, Section 248.</h1> The government has removed 382,581 shell companies over the past three years as part of a Special Drive to identify and eliminate such entities. These companies were struck off due to non-filing of financial statements for two or more consecutive years, in accordance with Section 248 of the Companies Act, 2013. The term 'shell company' typically refers to entities without active business operations or significant assets, often used for illicit activities like tax evasion and money laundering. A Special Task Force recommended using specific red flag indicators to identify these companies.