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TMI Blog12,892 companies removed from Registrar of Companies in 2020-21X X X X Extracts X X X X X X X X Extracts X X X X ..... 12,892 companies removed from Registrar of Companies in 2020-21 X X X X Extracts X X X X X X X X Extracts X X X X ..... pply for removing the name of the company u/s 248(2) of the Act, which is an online application. Inactive company is defined in Explanation in (i) to sec 455(1) of the Act, whereby the companies can obtain the status of a Dormant Company, the Minister added. Giving more details of such companies, the Minister stated as under: Year No. of companies removed from the Register of Companies under ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... section 248(1) and 248(2) of the Act. No. of Dormant Companies 2019-20 2,933 48 2020-21 12,892 19 In response to a question on inactive and "Shell Companies", the Minister stated that there is no definition of the term "Shell Company" in the Companies Act, 2013 (the Act). However, the Minister stated that pursuant to the provisions of section 248 (1) of the Act where the Registrar has reas ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... onable cause to believe that the companies that are not carrying on any business or operation for a period of two immediately preceding financial years and has not made any application within such period for obtaining the status of a dormant company under section 455, shall, after following the due process of law, remove the name of those companies from the Register of Companies. The Minister als ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o stated that there is no Scheme called Saral Nikas Yojana by the Government. X X X X Extracts X X X X X X X X Extracts X X X X
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