(a) whether nearly two lakh companies registered in the country
have been found to be irregular in furnishing their financial
statements and other filings;
(b) if so, the details thereof;
(c) the action taken by his Ministry towards these erring companies;
(d) whether there is any initiative from the Ministry to revive these
companies by allowing them a one step de-registration or filing their
papers and payment of dues; and
(e) if so, the details thereof and if not, the reasons therefor?
THE MINISTER OF STATE (INDEPENDENT CHARGE) IN THE MINISTRY OF
CORPORATE AFFAIRS (SHRI SACHIN PILOT)
(a) to (c):- Yes, Madam. During the year 2010-11, 2,53,277 companies
have not filed their Balance Sheets and Annual Returns. As per the provisions
of Section 220/162 of the Companies Act, 1956 prosecutions are launched by
the respective Registrar of Companies against the erring companies.
(d) & (e):- The Ministry has issued guidelines for “Fast Track Exit modeâ€
for defunct companies on 07.06.2011 to enable the striking off the names of
such companies under section 560 of the Companies Act, 1956.