De-Registration of Inactive Companies

The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabha that whether Government has enumerated or identified such registered companies which are inactive, dormant and have been in such mode for at least ten years.                          

Replying to a written question the minister said that the The Ministry had announced two schemes, namely

(i) ‘Easy Exit Scheme, 2010’ (w.e.f.     26.05.2010 to 31.08.2010) and

(ii) ‘Easy Exit Scheme, 2011’ (w.e.f. 1.1.2011 to 30.04.2011)

for those companies which were not carrying on  any business activity or operation on or after 1st April, 2008.

From 03.07.2011, the Ministry has come out with Guidelines for ‘Fast Track Exit Mode’ for simplified exit of defunct companies, which have not commenced their business since their incorporation or are not carrying on any business for the last  one year.

As per present policy of the Ministry, such companies, which have not filed their Annual Returns and Balance Sheets for last three consecutive years or more are identified as dormant companies.

The details are as per Annexure attached.

ANNEXURE

LIST OF COMPANIES WHO HAVE BEEN DORMANT FOR LAST THREE YEARS STATE WISE AS ON 31ST JULY, 2011

STATE

NO. OF DORMANT COMPANIES

 Andaman and Nicobar Islands

54

 Andhra Pradesh

24055

 Arunachal Pradesh

14

 Assam

275

 Bihar

1534

 Chandigarh

1837

 Chhattisgarh

276

 Dadar Nagar Haveli

60

 Daman and Diu

45

 Delhi

27972

 Goa

840

 Gujarat

11776

 Haryana

1937

 Himachal Pradesh

612

 Jammu and Kashmir

1028

 Jharkhand

433

 Karnataka

8669

 Kerala

2630

 Lakshadweep

2

 Madhya Pradesh

1546

 Maharashtra

35154

 Manipur

27

 Meghalaya

33

 Mizoram

6

 Nagaland

37

 Orissa

1130

 Pondicherry

258

 Punjab

4043

 Rajasthan

2160

 Tamil Nadu

19106

 Tripura

11

 Uttar Pradesh

5593

 Uttarakhand

355

 West Bengal

2431

Total

155939

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