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225,000 companies may be struck off for not filing statements

Also, 7,191 LLPs have been identified for action under Section 75 of the LLP Act, 2008, due to non-filing of financial statements for the stated years

Real estate companies may find it hard to claim relief under S4A
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Real estate companies may find it hard to claim relief under S4A

Press Trust of India New Delhi
The government on Friday said it had identified over 225,000 companies and 7,191 Limited Liability Partnerships (LLPs), which have not filed requisite financial statement for 2015-16 and 2016-17, and they may be struck off during the current financial year.
 
The Ministry of Corporate Affairs (MCA) has already struck off over 226 thousand companies for non- filing of financial statements or annual returns for a continuous period of two years or more.
 
Also, over 309,000 directors were disqualified for not filing financial statements or annual returns for preceding three years (2013-14, 2014-15 and 2015-16).
 
“For the second drive