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6
November 2017
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Spain Catalonia Belgium (The Total Investment & Insurance
Solutions)
The
government has struck-off around 2.24 lakh companies till date for remaining
inactive for a period of two years or more, including those which were involved
in suspicious financial transactions in days following demonetisation, it was
announced on Sunday.
Following
the action of striking-off of defaulting companies, restrictions have also been
imposed on operation of their bank accounts, said a statement from the
Corporate Affairs Ministry.
It
added that a preliminary inquiry on the basis of information received from 56
banks revealed that 35,000 companies involving 58,000 accounts saw suspicious
transactions with over Rs 17,000 crore being deposited and withdrawn from those
accounts post-demonetisation.
"In
one case, a company which had a negative opening balance on November 8,
deposited and withdrew Rs 2,484 crore post-demonetisation," the statement
said.
"Apart
from the restrictions on bank accounts, action has also been taken to restrict
sale and transfer of moveable and immoveable properties of struck-off companies
until they are restored. The state governments have been advised to take
necessary action in this regard by disallowing registration of such
transactions," it added.
The Corporate
Affairs Ministry said that the information with respect to such companies had
been shared with enforcement authorities, including the Central Board of Direct
Taxes, Financial Intelligence Unit, Department of Financial Services and
Reserve Bank of India for further necessary action.
Companies
have also been identified for inquiry, inspection and investigation under the
Companies Act, 2013 and necessary action is underway, it added.
"Separately,
action has also been taken to disqualify directors on the board of companies
that have failed to file financial statements or annual returns for a
continuous period of three financial years during 2013-14 to 2015-16," the
statement said.
"Around
3.09 lakh directors have been affected by this action. Preliminary inquiry has
shown that over 3,000 disqualified directors are directors in more than 20
companies each, which is beyond the limit prescribed under the law.
"With
a view to checking the problem of dummy directors, action is underway to seed
Director Identification Number with Permanent Account Number and Aadhaar,"
it added.
The
Prime Minister's Office has constituted a Special Task Force under the joint
chairmanship of the Revenue Secretary and Corporate Affairs Secretary to
oversee the drive against defaulting companies with the help of various
enforcement agencies.
The
Special Task Force has so far met five times and action has been initiated
against several defaulting companies, "which is expected to help in the
drive against black money", the statement said.The Total Investment & Insurance Solutions
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