Over 2.25 lakh Companies May Shut Down

The government has identified over 2.25 lakh companies including 7,191 LLPs which are under radar of MCA and have not filed required annual return filing for financial years 2015-16 and 2016-17 and 2017-18.

MCA has already struck off over 2.26 lakh companies in last 2 years or more for same fault. Over 3.09 lakh directors were disqualified for preceding 3 years (2013-14, 2014-15 and 2015-16) by MCA for not filing annual return. 7,191 LLPs can also be probed under section 75 of the LLP Act, 2008.

MCA has compiled a list of companies into 3 categories – Confirmed list, Derived list and Suspect list.

The Confirmed List has a list of 16,537 confirmed shell companies on basis of inputs from various government agencies.

The Derived List has a list of 16,739 companies which have 100 percent common directors with the confirmed list of companies.

The Suspect List has a list of 80,670 shell companies which have red flag by SFIO.

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