Ministry of Corporate Affairs (MCA) has filed prosecution against 780 listed companies under various sections of Companies Act, 2013 due to non-filing of Financial Statements and Annual Returns

The Government has taken any steps against listed companies which are not functioning. Ministry of Corporate Affairs (MCA) has filed prosecution against 780 listed companies under various sections of Companies Act, 2013 due to non-filing of Financial Statements and Annual Returns.

As on 31st December 2015, there were 15.19 lakh registered companies in India. Of these, 10.7 lakh companies were active in which 7,269 were listed companies. There were only 7,270 active listed companies out of 17.21 lakh registered companies as on December 2017 whereas in December 2014 there were 7,261 active listed companies out of 14.39 lakh registered companies in India.

This was stated by Union Minister of State for Law & Justice and Corporate Affairs Shri P.P. Chaudhary in Lok Sabha today.

The Registrar of Companies (RoCs)–wise number of registered and closed companies (under section 248(2), CA 2013) during the last two (2) financial years is as under:

Sl.No Name of RoCs FY 2015-16 FY 2016-17
Companies registered  Closed Companies Companies registered  Closed Companies
1 AHMEDABAD            3,692                  1,253                     4,645                1,097
2 ANDAMAN                 –                       –                          38                     –
3 BANGALORE            7,554                    716                     8,905                  263
4 CHANDIGARH            1,344                    447                     1,496                  365
5 CHENNAI            4,975                  1,165                     5,433                  798
6 CHHATTISGARH               420                      56                        537                    84
7 COIMBATORE            1,148                    210                     1,227                  185
8 CUTTACK            1,247                      61                     1,523                    62
9 DELHI           17,525                  4,566                    20,274                3,684
10 ERNAKULAM            2,202                    467                     3,067                  358
11 GOA               236                      12                        304                  149
12 GWALIOR            1,544                    507                     2,172                  401
13 HIMACHAL PRADESH               263                    113                        340                    81
14 HYDERABAD            7,938                    235                     8,895                  217
15 JAIPUR            2,330                    854                     2,695                  605
16 JAMMU               273                      10                        274                    37
17 JHARKHAND               866                    151                     1,029                    55
18 KANPUR            7,527                  1,062                     8,682                  242
19 KOLKATA            4,473                  2,089                     4,754                2,628
20 MUMBAI           11,183                  2,276                    12,345                3,750
21 PATNA            2,394                    229                     2,711                  101
22 PONDICHERRY                 99                      20                          93                    15
23 PUNE            4,331                    730                     5,159                  786
24 SHILLONG               395                      82                        572                    78
25 UTTARAKHAND               522                      37                        678                    19
TOTAL           84,481                17,348                    97,848              16,060

Section 248(1)(c) of the Companies Act, 2013 provides for removal of name of company from the register of companies if it is not carrying on any business or operation for a period of 2 (two) immediately preceding financial years and has not made any application within such period for obtaining the status of dormant company u/s 455.  Based on the above mentioned provision, 2.97 lakh companies were identified under this category as on 31.03.2017 and after following due process names of 2,26,166 companies were struck off from the register of companies as on 31.12.2017. The States/UTs-wise details of such 2,26,166 companies is:

Sl.No States/UTs  Removed from Register of companies
1 Andaman & Nicobar                                     76
2 Andhra Pradesh                                3,633
3 Arunachal Pradesh                                   14
4 Assam                                172
5 Bihar                                1,557
6 Chandigarh                                1,453
7 Chhattisgarh                                906
8 Dadra & Nagar Haveli                                     46
9 Daman and Diu                                    13
10 Delhi                              43,925
11 Goa                                1,744
12 Gujarat                              11,389
13 Haryana                                3,882
14 Himachal Pradesh                                754
15 Jammu & Kashmir                                1,394
16 Jharkhand                                636
17 Karnataka                              18,165
18 Kerala                              4,059
19 Lakshadweep                                       3
20 Madhya Pradesh                              4,702
21 Maharashtra                              59,849
22 Manipur                                  9
23 Meghalaya                                 30
24 Mizoram                                     2
25 Nagaland                                  6
26 Odisha                                1,824
27 Puducherry                                571
28 Punjab                              2,928
29 Rajasthan                              5,178
30 Sikkim
31 Tamil Nadu                              24,723
32 Telangana                              16,817
33 Tripura                                   14
34 Uttar Pradesh                              6,822
35 Uttarakhand                            792
36 West Bengal                              8,078
                                  Total                           2,26,166

PIB

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Category : Company Law (4051)
Type : News (13864)
Tags : Companies Act (2515) Companies Act 2013 (2287)

One response to “MCA filed prosecution against 780 listed companies for non filing of Annual Returns”

  1. E.selvaraj. says:

    The term closed is not found anywhere in the companies Act .A company is (1)Registed (2)Dissolved (3) dorment (4)defunct.The fourth category is very common among shell companies .Now on basis the closed has been used is not clear.Does it mean struck off and dissolved?.In any case the information is useful provided it reflect correct data.

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