LOK SABHA
Prosecutions are launched for non-filing of returns, wherever required, after following due process of law by the Registrar of Companies.
Ministry of Company Affairs have issued instructions to Registrar of Companies to issue show cause notices to those defaulting companies which have not filed Balance Sheets and Annual Returns for three years and above to strike off their names from the Register of Registrar of Companies under section 560 of the Companies Act, 1956.
This information was given by Shri Prem Chand Gupta, Minister of Company Affairs in reply to a question raised by Shri Nikhil Kumar in Lok Sabha here today.
BY/ 12/06
(Release ID :15827)