GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
»
1-min read

73,000 Deregistered Firms Deposited Rs 24,000 Crore Post Demonetisation: Govt Data

As part of cracking down on black money flows and illicit assets, the Corporate Affairs Ministry has struck off the names of around 2.26 lakh companies that have not been carrying out business activities for long.

PTI

Updated:June 3, 2018, 7:13 PM IST
facebookTwittergoogleskypewhatsapp
73,000 Deregistered Firms Deposited Rs 24,000 Crore Post Demonetisation: Govt Data
Representative Image: A bank official counts cash deposited in the bank by a customer. (Photo: Reuters)
Loading...
New Delhi: As many as 73,000 companies that have been deregistered deposited Rs 24,000 crore in bank accounts post demonetisation, according to government data.

As part of cracking down on black money flows and illicit assets, the Corporate Affairs Ministry has struck off the names of around 2.26 lakh companies that have not been carrying out business activities for long.

Many of these companies are suspected to have been used for illegal fund flows.

Data compiled by the ministry showed that out of the 2.26 lakh deregistered companies, the bank details of 1.68 lakh of them showed that post demonetisation cash was 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 document.

The document, which listed the ministry's achievements in the last four years, also said that 68 companies are under investigation.

The Serious Fraud Investigation Office (SFIO) is probing 19 companies while the Registrars of Companies (RoC) are investigating 49 firms, it added.

In November 2016, the government had cancelled old Rs 500 and Rs 1,000 currency notes as legal tenders as part of the fight against the black money menace.

Under the Companies Act, the government has powers to strike off names of firms from the register on various grounds.
| Edited by: Sanchari Chatterjee
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Bajaj Finance 2,083.35 -1.51
Indiabulls Hsg 734.65 3.01
Reliance 1,054.70 -0.75
IndusInd Bank 1,473.15 1.64
Dewan Housing 192.90 2.39
Company Price Change %Gain
Indiabulls Hsg 735.05 2.88
Bajaj Finance 2,083.95 -1.63
Eicher Motors 22,287.50 -0.27
Dewan Housing 193.45 1.76
Asian Paints 1,138.80 -5.21
Top Gainers
Company Price Change %Gain
HPCL 217.90 3.47
Indiabulls Hsg 734.65 3.01
HDFC 1,686.75 1.72
IndusInd Bank 1,473.15 1.64
Bajaj Auto 2,586.50 1.16
Company Price Change %Gain
IndusInd Bank 1,473.40 2.16
HDFC 1,689.90 1.79
Yes Bank 213.65 1.26
Bajaj Auto 2,586.40 1.16
Adani Ports 318.25 1.13
Top Losers
Company Price Change %Gain
Asian Paints 1,138.45 -5.16
Sun Pharma 575.85 -5.12
Wipro 309.10 -4.07
Grasim 825.95 -3.66
UltraTechCement 3,343.65 -3.45
Company Price Change %Gain
Asian Paints 1,138.80 -5.21
Sun Pharma 576.30 -5.07
Wipro 309.30 -3.93
TCS 1,844.15 -3.05
Infosys 657.85 -3.01

Live TV

Loading...
Loading...