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More than 1.62 lakh shell companies deregistered by Govt after demonitisation : Half of them were from Mumbai, Delhi, Hyderabad
Posted on: 17-08-2017 , 06:38:PM | DY365 Bureau

 Image for representational purpose only. Source : Internet

Minister of State for Corporate Affairs, Arjun Ram Meghwal said in a written reply to the Rajya Sabha that since demonitisation more than 1.62 lakh companies which were not carrying out proper businesses in the country have been deregistered till now.

More than 50 percent of the companies were located in Mumbai, Delhi and Hyderabad.

Under Section 248 of the Companies Act, 2013, the Registrar of Companies (RoC) the name of a company can be removed from the register on various grounds, including that the entity was not carrying out any business for two preceding financial years.


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