More than 3.82 lakh companies struck off till financial year 2020-21 in Special Drives taken by Registrar of Companies https://www.taxtmi.com/news?id=25196 Registrar-driven strike-off actions under the Companies Act use section 248(1) to remove companies believed inactive for the two immediately preceding financial years after due process and confirmation that no application for dormant company status under section 455 was filed. The term Shell Company is not defined in the Act; red flag indicators recommended by a Special Task Force are used to identify suspected shell companies. en-us Tue, 15 Mar 2022 17:19:52 +0530 Tue, 15 Mar 2022 17:19:52 +0530 TaxTMI RSS Generator More than 3.82 lakh companies struck off till financial year 2020-21 in Special Drives taken by Registrar of Companies https://www.taxtmi.com/news?id=25196 Registrar-driven strike-off actions under the Companies Act use section 248(1) to remove companies believed inactive for the two immediately preceding financial years after due process and confirmation that no application for dormant company status under section 455 was filed. The term Shell Company is not defined in the Act; red flag indicators recommended by a Special Task Force are used to identify suspected shell companies. News - Tue, 15 Mar 2022 17:19:52 +0530 https://www.taxtmi.com/news?id=25196