NEW DELHI: As many as 73,000 companies which have been deregistered deposited Rs 24,000 crore in bank accounts put up demonetisation, in step with government information.
As a part of cracking down on black cash flows and illicit belongings, the Corporate Affairs Ministry has struck off the names of around 2.26 lakh companies that experience now not been wearing out business actions for long.
Many of these companies are suspected to have been used for illegal fund flows.
Data compiled by means of the ministry showed that out of the 2.26 lakh deregistered companies, the bank main points of 1.68 lakh of them showed that put up demonetisation cash was once deposited in these accounts.
"Out of this, 73,000 companies deposited Rs 24,000 crore. Details of companies from various banks is under process," the ministry said in a report.
The report, which listed the ministry's achievements within the ultimate 4 years, additionally said that 68 companies are under investigation.
The Serious Fraud Investigation Office (SFIO) is probing 19 companies whilst the Registrars of Companies (RoC) are investigating 49 corporations, it added.
In November 2016, the federal government had cancelled old Rs 500 and Rs 1,000 forex notes as legal tenders as a part of the battle towards the black cash risk.
Under the Companies Act, the federal government has powers to strike off names of corporations from the sign in on more than a few grounds.
As a part of cracking down on black cash flows and illicit belongings, the Corporate Affairs Ministry has struck off the names of around 2.26 lakh companies that experience now not been wearing out business actions for long.
Many of these companies are suspected to have been used for illegal fund flows.
Data compiled by means of the ministry showed that out of the 2.26 lakh deregistered companies, the bank main points of 1.68 lakh of them showed that put up demonetisation cash was once deposited in these accounts.
"Out of this, 73,000 companies deposited Rs 24,000 crore. Details of companies from various banks is under process," the ministry said in a report.
The report, which listed the ministry's achievements within the ultimate 4 years, additionally said that 68 companies are under investigation.
The Serious Fraud Investigation Office (SFIO) is probing 19 companies whilst the Registrars of Companies (RoC) are investigating 49 corporations, it added.
In November 2016, the federal government had cancelled old Rs 500 and Rs 1,000 forex notes as legal tenders as a part of the battle towards the black cash risk.
Under the Companies Act, the federal government has powers to strike off names of corporations from the sign in on more than a few grounds.
After note ban, 73,000 deregistered firms deposited Rs 24,000 crore in banks
![After note ban, 73,000 deregistered firms deposited Rs 24,000 crore in banks]()
Reviewed by Kailash
on
June 04, 2018
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