The government has issued show cause notices to nearly 3 lakh firms that have not been carrying out business for long —सविस्तर माहितीसाठी इकॉनॉमिक टाइम्स मधील बातमी वाचावी.

The government has issued show cause notices to nearly 3 lakh firms that have not been carrying out business for long and are likely to face strict action starting this month.

As part of intensifying efforts to crack down on shell companies that indulge in dubious activities, the government is also preparing to cancel the registration of such firms after following due regulatory process.

Besides, the Corporate Affairs Ministry is in the process of preparing a database of shell companies in order to curb illegal activities, sources said.

via Corporate Affairs Ministry: Nearly 3 lakh companies likely to face strict government action – The Economic Times