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Economy

Government removes more than 2 lakh shell companies from RoC in FY18

Updated : June 08, 2018 01:51 PM IST

These companies will be given an opportunity of being heard on their default and appropriate action will be taken after considering their response.
The task force on shell companies’, which was constituted in 2017, is taking pro-active and coordinated steps to tackle malpractices by shell companies.
In the second drive, which is to be launched during the current financial year, a total of 2,25,910 companies have been identified.
Government removes more than 2 lakh shell companies from RoC in FY18
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