Around 2.24 lakh companies have been struck-off till date for remaining inactive for a period of two (2) years or more;. Around 3.09 lakh Directors disqualified who were on the Board of Companies that have failed to file Financial Statements and/or Annual Returns for a continuous period of three (3) financial years during 2013-14 to 2015-16.; https://www.taxtmi.com/news?id=19004 Mass regulatory measures include striking-off inactive companies and imposing restrictions on bank accounts and transfers of moveable and immoveable property until restoration; information from banks has been shared with enforcement agencies and identified companies are being subjected to inquiry, inspection and investigation under the Companies Act. en-us Mon, 06 Nov 2017 09:45:39 +0530 Mon, 06 Nov 2017 09:45:39 +0530 TaxTMI RSS Generator Around 2.24 lakh companies have been struck-off till date for remaining inactive for a period of two (2) years or more;. Around 3.09 lakh Directors disqualified who were on the Board of Companies that have failed to file Financial Statements and/or Annual Returns for a continuous period of three (3) financial years during 2013-14 to 2015-16.; https://www.taxtmi.com/news?id=19004 Mass regulatory measures include striking-off inactive companies and imposing restrictions on bank accounts and transfers of moveable and immoveable property until restoration; information from banks has been shared with enforcement agencies and identified companies are being subjected to inquiry, inspection and investigation under the Companies Act. News - Mon, 06 Nov 2017 09:45:39 +0530 https://www.taxtmi.com/news?id=19004