NEW DELHI: As many as 73,000 firms that have been deregistered deposited Rs 24,000 crore in bank accounts post demonetisation, in keeping with govt information.
As part of cracking down on black cash flows and illicit assets, the Corporate Affairs Ministry has struck off the names of around 2.26 lakh firms that experience no longer been sporting out business activities for long.
Many of these firms are suspected to have been used for unlawful fund flows.
Data compiled by the ministry confirmed that out of the two.26 lakh deregistered firms, the bank details of one.68 lakh of them confirmed that post demonetisation cash was deposited in those accounts.
"Out of this, 73,000 companies deposited Rs 24,000 crore. Details of companies from various banks is under process," the ministry stated in a report.
The report, which listed the ministry's achievements within the ultimate four years, also stated that 68 firms are below investigation.
The Serious Fraud Investigation Office (SFIO) is probing 19 firms while the Registrars of Companies (RoC) are investigating 49 firms, it added.
In November 2016, the federal government had cancelled outdated Rs 500 and Rs 1,000 foreign money notes as prison tenders as part of the battle towards the black cash menace.
Under the Companies Act, the federal government has powers to strike off names of firms from the register on various grounds.
As part of cracking down on black cash flows and illicit assets, the Corporate Affairs Ministry has struck off the names of around 2.26 lakh firms that experience no longer been sporting out business activities for long.
Many of these firms are suspected to have been used for unlawful fund flows.
Data compiled by the ministry confirmed that out of the two.26 lakh deregistered firms, the bank details of one.68 lakh of them confirmed that post demonetisation cash was deposited in those accounts.
"Out of this, 73,000 companies deposited Rs 24,000 crore. Details of companies from various banks is under process," the ministry stated in a report.
The report, which listed the ministry's achievements within the ultimate four years, also stated that 68 firms are below investigation.
The Serious Fraud Investigation Office (SFIO) is probing 19 firms while the Registrars of Companies (RoC) are investigating 49 firms, it added.
In November 2016, the federal government had cancelled outdated Rs 500 and Rs 1,000 foreign money notes as prison tenders as part of the battle towards the black cash menace.
Under the Companies Act, the federal government has powers to strike off names of firms from the register on various grounds.
73,000 deregistered cos deposited Rs 24,000 crore post demonetisation: Govt data
![73,000 deregistered cos deposited Rs 24,000 crore post demonetisation: Govt data]()
Reviewed by Kailash
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June 03, 2018
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