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Government identified 2,38,223 companies as shell companies between 2018-2021

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..... Government identified 2,38,223 companies as shell companies between 2018-2021
News and Press Release
Dated:- 27-7-2021

There is no definition of the term "Shell Company" in the Companies Act and 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, money laundering, obscuring owne .....

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..... rship, benami properties etc. This was stated by Union Minister of State for Corporate Affairs Shri Rao Inderjit Singh in a written reply to a question in Rajya Sabha today. The Minister further stated that 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 red flag indicators as alerts for identification of Sh .....

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..... ell Companies. The Government has undertaken a Special Drive for identification and striking off Shell Companies during the last three years, the Minister stated. The Minister tabled a list of the total number of companies struck off u/s 248 State/ Union Territory-wise as under: Name of the State/ UT No. of Struck off Companies 2018 to June 2021 RoC-Ahmedabad 9243 RoC-Andaman 41 RoC-Bang .....

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..... alore 11185 RoC-Chandigarh 4908 RoC-Chennai 11217 RoC-Chhattisgarh 947 RoC-Coimbatore 2992 RoC-Cuttack 3731 RoC-Delhi 45595 RoC-Ernakulam 9189 RoC-Goa 597 RoC-Gwalior 4920 RoC-HimachalPradesh 858 RoC-Hyderabad 20488 RoC-Jaipur 9222 RoC-Jammu 393 RoC-Jharkhand 1848 RoC-Kanpur 15803 RoC-Kolkata 15022 RoC-Mumbai 52869 RoC-Patna 4683 RoC-Pondicherry 191 RoC-Pune .....

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..... 5552 RoC-Shillong 1256 RoC-Uttarakhand 555 RoC-Vijayawada 4918 Total 238223
News - Press release - PIB .....

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