As per the present policy of the Ministry, companies which have not filed their Annual Returns and Balance Sheets for the last three consecutive years or more are identified as ˜dormant companies™.
The details of the dormant companies are as under:
As on 31.03.2011- 1, 74, 400
As on 07.12.2011- 1, 56, 474
The Government has no plan to ensure that only companies which has a long vision are registered.
The Minister of State for Ministry of Corporate Affairs Shri R.P.N. Singh gave this information in a written reply in Rajya Sabha today.
