Over 1 lakh companies deregistered this fiscal, says government
Updated : December 28, 2018 03:17 PM IST
As part of clamping down on illicit fund flows, the Corporate Affairs Ministry has been taking action against entities that are suspected to be shell companies.
Under the Companies Act, 2013, a company can be deregistered if it has not been carrying out any business for two continuous years and has also not applied for obtaining dormant status.
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