Maharashtra, Delhi have largest number of inactive companies

New Delhi, July 29 (IANS) Maharashtra, Delhi and Andhra Pradesh topped a list of states that are home to inactive companies, according to data available with the corporate affairs ministry.

Maharashtra, home to the country’s commercial capital Mumbai, has 48,419 defunct companies. Delhi has 39,831 such firms, while Andhra Pradesh has 26,414.

Tamil Nadu (24,110), Gujarat (15,942) and Karnataka (10,954) are next on the list of inactive companies as per information with the registers of the government, Corporate Affairs Minister Salman Khurshid told the Lok Sabha.

The government has already announced an ‘Easy Exit’ scheme, which intends to give defunct companies a chance to get their names struck off the roster of the Registrar of Companies.

The scheme, which was launched May 30, has since seen 500 applications and it will continue till Aug 31.

However, the exit scheme does not cover listed entities, non-government organisations, vanishing companies, or firms companies under investigation.

If the companies fail to avail the scheme and do not file the required documents, the registrar of companies will take necessary legal action.

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