pri 80,000 companies in Northern India are 'defaulters' – MCA 80,000 companies in Northern India are 'defaulters' – MCA

JAMMU: Asserting that Companies that have not filed annual returns and balance sheet to Ministry of Corporate Affairs (MCA) for past five years have been put on notice, a senior official of MCA today said there were 80,000 such companies in Northern India.

“About 80000 defaulters (defaulting companies) are there in northern India. There are various type of defaulters and most of them are defaulters due to failure to submit annual statement and balance sheets of the companies. But we taking strict action now”, the ministry’s Regional Director, Northern Region, B K Bansal told reporters.

“These companies were filing only even-based information with the MCA as per their convenience and not filing annual returns. We have sent them notices in past two months and have now blocked them”, Bansal said.

PTI

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