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Over 13000 firms in Andhra and Telangana under de-registration threat

Both the states have about 1.27 lakh companies registered with RoC. "Physical verification of some companies which were flouting norms is going on.


PTI Last Updated at 31 Jul 2018, 14:07 IST India

As part of the nationwide the crackdown by the Ministry of Corporate Affairs, over 15,000 companies in Telangana and Andhra Pradesh are facing the threat of de-registration for non-compliance of rules and over 13000 firms in both the states have been issued notices.

According to official sources at Registrar of Companies ( RoC) here, last year over 20,000 companies was deregistered due to non-compliance.

Both the states have about 1.27 lakh companies registered with RoC. "Physical verification of some companies which were flouting norms is going on.

About 15,659 companies which are not following rules have been identified. We will deregister them soon. We are issuing first notices to another 13,554 companies which we feel are adhering to norms.

Some of them may rectify themselves before the mandatory third notice is issued," A senior official at the RoC told PTI.

The companies are losing their registration under Section 248 of Company Law under which the RoC has the power to remove a company from the RoC when the officer believes that the firm is not doing any business for the past two years.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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