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2.5 lakh companies sans business activity stare at closure

2.5 lakh companies sans business activity stare at closure

Thursday, April 20, 2017, 9:00 AM

About a quarter-million companies in India face the possibility of being dissolved for not carrying out any business over the last-two FY and failing to apply for 'dormant' status. In public notices issued over the last-two-weeks, the regional offices of the RoC have named about 250,000 such entities across the country which failed to apply for 'dormant company' status under the Companies Act, 2013.
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