India Government to deregister 1.20 lakh more companies

Minister of State for Corporate Affairs P P Chaudhary has directed officials to expedite action against the companies that are to be struck off the records.

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NEW DELHI: As part of its drive against black money Government has decided to strike off the names of 1.20 lakh more companies from the official records for various non-compliances as part of its continuing fight against the black money menace.

Nearly 2.26 lakh companies have already been deregistered and around 3.09 lakh directors associated with these entities have been disqualified.

The latest decision to strike off more 1.20 lakh companies from official records came after a review meeting of the actions taken with respect to deregistered firms last week.Minister of State for Corporate Affairs P P Chaudhary, who chaired the review meeting, has directed officials to expedite action against the companies that are to be struck off the records.

For various non-compliances, around 1,20,000 more companies have been identified for striking-off, the corporate affairs ministry said in a release.

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