(a) whether the Government proposes to expedite the process of liquidations of companies to protect
the interests of stake-holders;
(b) if so,the details thereof; and
(c) the number of companies which are under liquidation as on date ?
(a) whether the Government proposes to expedite the process of liquidations of companies to protect
the interests of stake-holders;
(b) if so,the details thereof; and
(c) the number of companies which are under liquidation as on date ?
THE MINISTER OF CORPORATE AFFAIRS(SHRI PREM CHAND GUPTA)
(a) & (b): The Companies Bill,2008 has been introduced in the Parliament on 23.10.2008, which
inter alia,includes proposals to rationalize and expedite the process of liquidation and winding
up of the affairs of a company.
(c) As on 31.10.2008,5931 Companies were under liquidation under different provisions of the
Companies Act,1956.