Pune: The Registrar of Companies (ROC) has cancelled the registration of 11,285 companies located in Pune region. The officials have said that the action was taken after these companies failed to give a reply to ROC of any growth or development in the last two financial years.
The ROC, comes under the Ministry of Corporate Affairs (MCA), has sent notices to these companies in April this year asking why they had failed to file returns for 2013-14 and 2014-15 with the registrar of companies.
According to the officials from the department, “These companies also had not filed their returns for the 2015-16 financial year. ROC had asked them through notice to these companies to give replies within 30 days of issuing the notice. There are some big names in the list.”
“To ensure that the defunct companies are unable to undertake transactions, the MCA has made their names public and also share information about the companies and their directors with the Income Tax department, banks and Reserve Bank of India (RBI),” said a senior official of the department from New Delhi.
The listed companies include big names which are involved in the automotive sector, constructions and developers, aviation academy, agriculture and petroleum and gas companies. “The ROC has removed these companies from their list and dissolve them unless a cause in shown to the contrary. These companies will not be able to do any business or any transactions under their names mentioned in the list,” said the official.
The identified cases will then be sent to the Serious Frauds Investigation Office (SFIO) for scrutiny and the tax department and the Enforcement Directorate will be roped in for further investigation, said the sources.