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.
“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 Area||No of Companies||Updated Date|
|RoC Cuttack||2102||16/03/2017 & 03/04/2017|
|RoC Gwalior||6304||10/03/2017 & 23/03/2017|
|RoC Himachal Pradesh||862||31/03/2017|
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