<h1>12,889 Shell Companies Removed by Registrar Under Companies Act Section 248(1) in 2020-21 to Combat Illegal Activities.</h1> In the fiscal year 2020-21, 12,889 shell companies were struck off by the Registrar of Companies under section 248(1) of the Companies Act. Shell companies, typically without active business operations or significant assets, are often used for illegal activities such as tax evasion and money laundering. The Union Minister of State for Corporate Affairs reported that a Special Task Force recommended red flag indicators for identifying such companies. The government conducted a Special Drive to identify and remove these companies, with the numbers varying across different states and union territories, including Maharashtra, Delhi, and Tamil Nadu.