(a) whether various orders issued by Company Law Board against the defaulting companies
are not being implemented;
(b) if so, the reasons therefor;
(c) the names oF the companies who have not implemented the orders issued by the
Company Law Board; and
(d) the action taken by the Union Government against those companies?
THE MINISTER OF FINANCE AND COMPANY AFFAIRS (SHRI JASWANT SINGH):
(a) and (b) Yes, Sir. In some cases, companies have not implemented the orders of the
Company Law Board as they have either gone into liquidation, have been referred to BIFR
scheme, or the companies are not at the given address.
(c) A list is enclosed as statement.
(d) Either prosecutions are filed or legal action has been initiated under the relevant
provisions of the Companies Act, 1956 in the Court of competent jurisdiction by the
Registrars of Companies against these companies, except in case of Non Banking Financial
Companies against whom action is taken by Reserve Bankof India under Reserve Bank
of India Act, 1934.