Registrar of Companies removed names of 2,26,166 defunct companies in 2017


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Registrar of Companies removed names of 2,26,166 defunct companies in 2017


The Government has initiated campaign against black money, wilful defaulters and erring directors. There are a number of registered companies that are facing action from authorities after the demonetisation.


Prior to demonetisation, 16,08,637 number of companies stood registered. After demonetisation, the Registrars of Companies (RoCs) has identified 2.97 lakh companies during 2017-18 which were not filing their Financial Statements or Annual Returns for a continuous period of two or more financial years and, prima facie, were not conducting any business or in operation. Out of such identified companies, ROCs has removed the names of 2,26,166 companies as on 19.12.2017 from the register of companies by following the due procedure under Section 248 of the Companies Act, 2013.  Further, based on information received from various banks, the Central Government has ordered investigations into the true ownership of 68 such companies u/s 216 read with Section 210(1)(c) of the Companies Act, 2013, which have deposited Rs. 25 crores or more in Bank Accounts and withdrew in an exceptional manner post demonetisation. The investigations are underway.

As of now, the Government has identified 3,09,619 directors as disqualified u/s 164(2)(a) of the Companies Act, 2013 pertaining to companies for which Financial Statements or Annual Returns have not been filed for a continuous period of three Financial Years.

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In FY 2016-17, 29,403 companies registered as LLP on all India basis
The Limited Liability Partnership Rules, 2009 have been in force since 01.04.2009. The Limited Liability Partnership Rules provide for effectuating/implementing the provisions of Limited Liability Partnership Act, 2008. The Rules, inter-alia include procedures on incorporation of an LLP, its governance framework, relations interse partners, role, functions and liabilities of designated partners, penalties for false statements, investigation of affairs of LLP,  regulations for internal working/maintenance of books of accounts/audit thereof as well as for filing forms with Registrar of Companies for notifying the financial position and solvency of Limited Liability Partnership (LLP) and for conversion from firms/companies to LLPs.

The State/UT-wise number of companies converted into LLPs and the LLPs registered during last three years is given below:


State/UT-wise number of companies converted into LLP and LLPs  registered during last three years
S.No
State/UT
2016-17
Converted to LLP
Registered as LLP
Total
1
Andaman & Nicobar
0
1
1
2
Andhra Pradesh
2
295
297
3
Arunachal Pradesh
0
3
3
4
Assam
1
125
126
5
Bihar
3
251
254
6
Chandigarh
2
139
141
7
Chattisgarh
0
91
91
8
Daman and Diu
0
5
5
9
Delhi
53
4074
4127
10
Dadra & Nagar Haveli
1
6
7
11
Goa
3
113
116
12
Gujarat
29
2414
2443
13
Himachal Pradesh
4
48
52
14
Haryana
11
874
885
15
Jharkhand
6
149
155
16
Jammu & Kashmir
0
17
17
17
Karnataka
16
2177
2193
18
Kerala
4
761
765
19
Maharashtra
92
9769
9861
20
Meghalaya
0
6
6
21
Manipur
0
8
8
22
Madhya Pradesh
3
522
525
23
Mizoram
0
0
0
24
Nagaland
0
1
1
25
Orissa
1
111
112
26
Punjab
5
287
292
27
Pondicherry
0
15
15
28
Rajasthan
9
997
1006
29
Sikkim
0
4
4
30
Telangana
21
1172
1193
31
Tamil Nadu
13
1103
1116
32
Tripura
0
3
3
33
Uttar Pradesh
21
1411
1432
34
Uttarakhand
4
135
139
35
West Bengal
16
2316
2332
Grand Total
320
29403
29723
















































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The Competition Commission of India (CCI) invites comments/suggestions/objections from any person(s) adversely affected or likely to be affected by the proposed combination between Bayer Aktiengesellschaft and Monsanto Company. On 7th August, 2017, the Competition Commission of India (CCI) received a notice filed by Bayer Aktiengesellschaft (Bayer) in relation to acquisition of the entire shareholding of Monsanto Company (Monsanto) by Bayer. Bayer, the Acquirer, is a German Stock Corporation, and is a life sciences company with competencies in the areas of health care and agriculture. The activities of Bayer are carried-out in three main Divisions viz. pharmaceuticals, consumer health, and crop sciences. Monsanto is a global provider of agricultural products for farmers, viz. seeds, biotechnology traits and herbicides. The Commission is of the prima facie opinion that the proposed combination is likely to have an appreciable adverse effect on competition and, accordingly, has directed Bayer, in terms of Section 29(2) of the Competition Act, 2002, to publish details of the combination for bringing the combination to the knowledge or information of the public and persons affected or likely to be affected by such combination. Bayer has already published the details of the proposed combination in all India Editions of four newspapers viz., The Business Line, The Financial Express, Indian Express and The Statesman on 05th January, 2018 and the same is also hosted on the respective websites of the parties. The said details are also available on the website of the Commission (www.cci.gov.in). As per the provisions of Section 29(3) of the Act, the Commission invites comments/objections/ suggestions in writing, from any person(s) adversely affected or likely to be affected by the proposed combination. The same may be addressed to the Secretary, Competition Commission of India, Hindustan Times House, 7th Floor, 18-20, Kasturba Gandhi Marg, New Delhi – 110001 or through email: secy@cci.gov.in, within fifteen working days from the date of publication of details of the proposed combination. The Commission is not likely to consider unsubstantiated objections.


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