Over 40,000 Non-Operational Companies struck off across India in Past Three Years: Central Govt in Lok Sabha

The Central Government confirmed in Lok Sabha that "over 40,000 non-operational companies were struck off across India in the past three years." This significant action by the Ministry of Corporate Affairs (MCA) targets inactive or shell companies that fail to comply with statutory filings. The aim is to enhance corporate governance, prevent misuse of corporate structures for illicit activities, and maintain a clean and transparent corporate registry, contributing to the ease of doing business and combating financial irregularities.