Action Against Unregistered Companies in India


IndiaCSR News Network

NEW DELHI: The Government has taken note of unregistered companies operating in the country without registration or incorporation under the Companies Act, 1956. During the last three years and the current year two cases have come to notice as under:

1. Speakasia Online Pte Ltd. (incorporated in Singapore);

2. Krishi Vipadan Vikas Limited;

indiacsr logoInvestigation into the affairs of Speakasia Online Pte Ltd. has been conducted and instructions for filing prosecution have been issued in respect of non-compliance of the Companies Act, 1956.

The investigation report has also been shared with other enforcement/regulatory agencies for appropriate action. In case of Krishi Vipadan Vikas Limited, prosecution has been filed under Section 453 of the Companies Act, 2013 .

This information was given by Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Lok Sabha today.

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