You are here: Home » Economy & Policy » News
Business Standard

Deregistration row: Over 22,000 firms struck off the list from Delhi

Earlier, the govt cancelled the registration of around 100,000 companies across the country

Veena Mani  |  New Delhi 

company, industry, work, budget, growth, stock, commodity

More than half of the 100,000 corporate entities found dormant or and struck off the list by registrars of companies (RoCs) in the recent past came from eight states and two Union Territories. 

As many as 54,233 of these entities were based in Delhi, Tamil Nadu, West Bengal, Gujarat, Uttar Pradesh, Punjab, Uttarakhand, Jammu & Kashmir, Meghalaya and Puducherry.

and its adjoining areas had the largest number of dormant companies, with 22,864 being struck off the rolls of the here. Followed by Tamil Nadu, which deregistered 12,134 companies. West Bengal recorded 8,000-plus cases; Gujarat was in fourth position with 3,625. The Chandigarh has struck off 2,216 companies. These are followed by UP, Puducherry, Uttarakhand, Meghalaya and J&K.

Sources said some of these companies were only on paper, to be used as shell entities.

In a recent speech, the prime minister had stated that action was planned against to prevent their use in laundering of money. As many as 300,000 more firms are reportedly now in the ministry of corporate affairs’ radar. According to the latter, the total of registered companies are a little more than 1.6 million, of which 1.3 mn have been active.

As recently reported, the in Odisha had also sent notices to 81 Limited Liability Partnerships (LLPs), for not conducting any activity over two years. Another 12 LLPs have voluntarily asked for deletion of their names from the roster. Most of these came on the the radar during  

First Published: Fri, July 07 2017. 01:26 IST
RECOMMENDED FOR YOU