(a) whether several companies registered under Company Act, 1956 are lying closed;
(b) if so, the details and the number of such companies which have not submitted
their balance sheets and annual reports during the last three years;
(c) whether any action has been taken by the Government against them; and
(d) if so, the details thereof?
MINISTER OF THE STATE IN THE MINISTRY OF CORPORATE AFFAIRS (SHRI SALMAN KHURSHID)
(a) & (b) Defunct Companies come to the notice of the authorities when they do not file
Annual Returns and Balance Sheets for a considerable period. Newly incorporated Companies
have 18 months time to file the Annual Returns and Balance Sheets from date of incorporation.
291509 companies have not filed their Annual Returns and Balance Sheets during the past three
years ending 31.03.2008
(c) & (d) Action taken by the government against the concerned companies for non filing
of Annual Returns and Balance Sheets includes filing of prosecution against the company
and its directors and striking off the name of the companies as provided under section
560 of the Companies Act, 1956. As on 31.3.2008, 63917 cases were prosecuted against
defaulting companies and directors and 104176 companies were struck off under section
560 of the Companies Act,1956