Post demonetisation shell companies deposited and withdrew 17,000 crore
November 06, 2017The government said on the basis of the information received 35,000 companies of the 2.24 lakh companies that have been struck off, deposited and withdrew a total of Rs, 17,000 crores after note ban. This data was prepared on the basis of information of 58,000 accounts through 56 banks.
MCA said that 2.24 lakh companies have been deregistered primarily because they were inactive for more than two years. 3.90 lakh directors have been disqualified for failing to file annual returns for three years- 2013’-14 to 2015-16.
On preliminary inquiry, it has been discovered that over 3,000 disqualified directors are directors in more than 20 companies which also beyond the limit as prescribed under the Companies Act, 2013.
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As per the Ministry, one of the companies which had a negative opening balance on November 8, 2016 deposit and withdrew Rs, 2484 crore days after demonetisation. One company was found to have 2,134 accounts.
All this information has been shared with the investigating agencies including the Central Board of Direct Taxes and Reserve Bank of India.The ministry has further mentioned that action will taken against the defaulting directors and action will be taken against professionals guilty of fraud and complaints against them will be reviewed.