MCA Strikes Off 10,113 Companies

 

According to the Union Minister of State for Finance & Corporate Affairs, during the current financial year 2020-2021, total 10,113 Companies have been struck off by invoking the provisions of section 248 (2) of the Act.

These companies are not carrying on any business or operation for a period of two immediately preceding financial years and have not made any application within such period for obtaining the status of dormant company under section 455 of the Act and after following the due process of the law.

Further, the Minister said that there are 12,59,992 Private Limited Companies registered having active status as on 31st Jan 2021. However, there are 10,98,780 number of active Private Limited Companies registered till 31st December, 2019 which are eligible/due to file Financial Statement(FS) for the year ended 31st March, 2020.

Out of these 7,15,243 number of Companies have filed FS for the year ended 31st March, 2020. Thereby 65 percent of active eligible Private Limited Companies have filed Financial statement for the financial year ended 31st March, 2020, the Minister added.

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Knowledge Source:

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