Registered Shipping Companies

A total number of 931 companies classified as ‘Sea and Coastal Water Transport Companies’ have been registered as on 04.03.2015 under the Companies Act. The State/UT-wise distribution of these companies is placed at Annex

The Government has taken a number of measures to prevent corporate frauds, under the Companies Act, 2013 including:

• Enhanced disclosure norms mandated so that investors get relevant information from the companies;
• Definition of the term “Fraud” (along with its punishment) has been introduced;
• Serious Fraud Investigation Office (SFIO) has been granted statutory status with more powers; and
• Provisions for attachment and disgorgement of assets have been introduced.

No case of fraud by shipping companies has been referred to the SFIO so far.

Annex

 State/UT-wise distribution of companies registered as ‘Sea and Coastal Water Transport Companies’

 * as on 04.03.2015

Source : Extracted from MCA21 repository.

This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Lok Sabha today.