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TMI BlogGovernment struck off 3,82,581 shell companies during last three yearsX X X X Extracts X X X X X X X X Extracts X X X X ..... Government struck off 3,82,581 shell companies during last three years - News and Press Release Dated:- 21-9-2020 - News - The Government has undertaken a Special Drive for identification and strike ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... off Shell Companies. Based on non-filing of Financial Statements (FS) consecutively for two years or more, companies were identified and after following due process of law as provided under Section ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 248 of the Companies Act, 2013 read with the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016 , there are 3,82,581 number of Companies were struck off during th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e last three years. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance Corporate Affairs in a written reply to a question in Rajya Sabha. The term Shell Company is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... not defined under the Companies Act. It normally refers to a company without active business operation or significant assets, which in some cases are used for illegal purpose such as tax evasion, m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oney laundering, obscuring ownership, benami properties etc. The Special Task Force set up by the Government to look into the issue of Shell Companies has inter-alia recommended the use of certain r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed flag indicators as alerts for identification of Shell Companies. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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