MINISTER OF STATE FOR LAW AND (SHRI P. P. CHAUDHARY)
JUSTICE AND CORPORATE AFFAIRS
(a) & (b): The number of companies which have filed as well as which have not filed their financial statement during the last one year across the country, State/UT-wise including Maharashtra, Gujarat and West Bengal is annexed as Annexure-I.
(c) to (e): The term “Shell” company is not defined under the Companies Act, 2013. ‘Shell’ Companies, in common parlance, refer to those companies which are not necessarily illegal, but are very often used for illegal purposes such as tax evasion, money laundering, obscuring ownership, siphoning of funds, manipulation of stock prices through circular trading, holding of benami properties, misusing bank loans and falsification of financial statements, etc.
Contd….. 2/-
- 2 -
During 2017-18 the Registrars of Companies (ROCs) had identified 2.97 lakh companies which were not filing their Financial Statements or Annual Returns for a continuous period of two or more financial years and, prima facie, either were not conducting any business or were not in operation. Out of such identified companies, Registrars of Companies (ROCs) removed the names of 2,26,166 such companies from the register of companies by following the due process under Section 248 of the Companies Act, 2013. Further, the Central Government has ordered investigation into the true ownership of 68 number of companies under section 216 read with section 210(1) (c) of the Act, which have deposited and withdrawn fund in an exception manner from the bank accounts during demonetization period.
Further, during financial year 2018-19, a total of 2,25,910 companies have also been identified for action under Section 248 of the Act on the basis of non- filing of due returns for the financial Year 2015-16 & 2016-17. Due procedure shall be followed by ROCs before striking off names of companies.
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Annexure-I
DETAILS OF THE NUMBER OF COMPANIES WHICH HAVE FILED AS WELL AS NOT FILED THEIR FINANCIAL STATEMENT DURING THE LAST ONE YEAR IN STATE/UT-WISE ARE AS UNDER:
Sl. No. Region (State, Province, County) Financial Statement filed Financial Statement not filed Annual Return filed Annual Return not filed
1 Andaman & Nicobar 145 80 149 78
2 Andhra Pradesh 8,197 8,709 8,168 8,708
3 Arunachal Pradesh 106 80 106 80
4 Assam 4,271 1,286 4,290 1,262
5 Bihar 8,009 6,768 8,080 6,699
6 Chandigarh 4,718 2,403 4,767 2,358
7 Chattisgarh 4,587 1,450 4,598 1,436
8 Daman and Diu 170 43 169 43
9 Delhi 140,519 46,204 141,270 45,472
10 Dadra & Nagar Haveli 264 90 267 88
11 Goa 2,625 1,004 2,638 992
12 Gujarat 40,700 14,206 40,747 14,167
13 Himachal Pradesh 1,707 1,140 1,743 1,110
14 Haryana 16,032 7,050 16,108 6,991
15 Jharkhand 4,618 2,846 4,659 2,818
16 Jammu & Kashmir 1,143 856 1,157 842
17 Karnataka 37,213 13,594 37,392 13,452
18 Kerala 15,856 9,165 15,974 9,062
19 Lakshadweep 4 6 3 7
20 Maharashtra 136,335 62,001 137,122 61,149
21 Meghalaya 380 151 389 143
22 Manipur 143 109 145 107
23 Madhya Pradesh 13,851 4,653 13,954 4,578
24 Mizoram 23 20 23 20
25 Nagaland 93 92 93 92
26 Orissa 7,933 4,253 7,990 4,203
27 Punjab 10,213 4,559 10,274 4,508
28 Pondicherry 596 461 608 451
29 Rajasthan 24,204 7,766 24,222 7,745
30 Telangana 29,975 27,383 30,094 27,230
31 Tamil Nadu 40,992 22,649 41,004 22,619
32 Tripura 120 110 122 106
33 Uttar Pradesh 34,843 18,173 34,982 18,049
34 Uttarakhand 2,360 1,058 2,372 1,047
35 West Bengal 104,169 22,599 104,038 22,695
Total Overall Result 697,115 293,017 699,718 290,407
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