Govt says 128,000 cos struck off from records for non-compliance

The government has struck off 1,27,952 companies from the records for failing to submit their financial statements for two continuous financial years, Union minister Rao Inderjit Singh said on Monday.

In a written reply to the Lok Sabha, he also said the term 'shell company' is not defined under the Companies Act, 2013.

The government undertook a special drive for identification and striking off companies u/s 248(1) of the Act read with the Companies (Removal of Names of Companies from the Register of Companies) Rules that had not filed their financial statements and/or annual returns for a continuous period of