image

1.6 lacs Companies defunct as per MCA

The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabha that the total number of defunct companies, (those that have not filed their Annual Returns and Balance Sheets for the last three consecutive years or more) as per MCA records is 1,62,144.

Total number of defunct private limited /limited companies closed down under the Easy Exit Scheme, 2010 (EES, 2010) are 15,667.

Nil, as there is no provision of Fee under the Easy Exit Scheme, 2010.

The Ministry has announced another scheme/ guidelines after closure of Easy Exit Scheme, 2010, for enabling quick and hassle free closure of companies, namely:

(i) Easy Exit Scheme, 2011 (w.e.f 01.01.2011 to 30.04.2011)

(ii) Guidelines for Fast Track Exit Mode (w.e.f 03.07.2011)

The minister was replying to a written question on the details regarding number of defunct companies upto the current year 2011; the number of defunct private limited/limited companies closed down under the Easy Exit Scheme, 2010 (EES,2010);the amount of revenue accrued by the Government in the current year; and the concrete steps taken by the Government in this regard.

profile image

About eMinds Legal

eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

One response to “1.6 lacs Companies defunct as per MCA”

  1. Hi corporatelawreporter.com administrator, You always provide clear explanations and step-by-step instructions.

Leave a Reply

Your email address will not be published. Required fields are marked *

Corporate Law Referencer

Corporate Law Referencer

Corporate Law Referencer

India’s Leading Compliance Software

India’s Leading Compliance Software

Get A Demo Today !

Recent Articles

Recent Legal updates

Recent Gst Updates