The government has cancelled the registration of over one lakh
companies for failing to file annual returns. There were about 7,
43,628 companies registered under the Companies Act till March 2007.
However, only 3, 22,943 companies filed their annual returns till
February this year, minister of corporate affairs Prem Chand Gupta told
the Lok Sabha in a written reply. The same trend was seen in 2006 when
out of 7, 32,169 registered companies, only over 2.94 lakh filed their
annual returns for 2006-07. The government is taking action to ensure
strict compliance of the Act, Mr Gupta said.
As Indians we know India in itself is an amazing nation and even the world agrees with that, however, grass is always greener on the other side and that is why Indians desire to immigrate a More
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