shell companies crack down

The Central Board of Direct Taxes (CBDT) is cutting off some businesses which are evidently shell firms from the Ministry of Corporate Affairs(MCA). Sushil Chandra, Chairman of CBDT, was invited by the Gujarat Chamber of Commerce and Study(GCCI) for felicitation in which he said that he don’t believe obtrusive way regarding the ordinary tax-payers.

He stated that they would not encourage any company that is operating as a shell company.
Thousands of such companies still exist under the statutory authority and working in Ministry of Finance under Department of Revenue.

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“We introduced a committee which is currently checking the companies list, and any shell firm that is found in this will be removed immediately by striking it off from Ministry of Corporate Affairs(MCA) by sending them a notice” He quoted.

He said that they wouldn’t leave the shell companies and the Income Tax Department will take action. He requested the ordinary people to come forward and outsource if they have any information. He claimed that every bank account is checked to find tax evasion and they will take strict actions on the tax-evaders at any cost.

MCA recently notified that the companies which haven’t commenced business within one year of their incorporation and which haven’t done any operation for over a period of two years and made no applications in that period.Those shell companies would be stricken off from the website under section 248(1) of Companies Act.2013.

We have given the complete information of Shell companies to which MCA have given public notices in the below table.

ROC AreaNo of CompaniesUpdated Date
RoC Ahmedabad12205  20/03/2017
RoC Bangalore22145  04/04/2017
RoC Chandigarh 4687 31/03/2017
RoC Chennai
RoC Chhattisgarh1319  07/04/2017
RoC Coimbatore50 14/03/2017
RoC Cuttack210216/03/2017 & 03/04/2017
RoC Delhi53312 06/04/2017
RoC Ernakulam5479 05/04/2017
RoC Goa1957 07/04/2017
RoC Gwalior630410/03/2017 & 23/03/2017
RoC Himachal Pradesh 862 31/03/2017
RoC Hyderabad
RoC Jaipur6044 31/03/2017
RoC Jammu –
RoC Jharkhand –
RoC Kanpur7024 31/03/2017
RoC Kashmir
RoC Kolkata
RoC Mumbai71530  07/04/2017
RoC Patna – –
RoC Pondicherry 438  07/04/2017
RoC Pune11285 07/04/2017
RoC Shillong323 28/03/2017
RoC Uttarakhand843 31/03/2017

 

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