As part of clamping down on illicit fund flows, the corporate affairs ministry has been taking action against entities that are suspected to be shell companies. Under the Companies Act, 2013, a company can be deregistered if it has not been carrying out any business for two continuous years and has also not applied for obtaining dormant status.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2BGfpyc
Over 1 lakh shell companies deregistered this fiscal: Government
![Over 1 lakh shell companies deregistered this fiscal: Government]()
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