With 10,826 firms striking their names off the register so far this fiscal, the government on Friday said that the number of defunct companies in the country does not seem to be rising over the years.
A total of 10,344 companies were struck off in fiscal 2013-14. In 2012-13 and 2011-12 a total of 13,414 and 38,241 firms respectively were struck off.
“The figures do not suggest an increasing trend in the number of defunct companies in the country,” Minister of Corporate Affairs Arun Jaitley said in a written reply to the Lok Sabha on Friday.
According to details provided to the Parliament, a total of 10,826 companies’ registrations were struck off from the register so far in 2014-15, with Delhi accounting for maximum number of such firms (2,146).
Delhi is followed by Maharashtra (1,657), West Bengal (1,077), Tamil Nadu (821) and Karnataka (739).
The minister also informed the house that a total 9,302 companies have availed the ‘Fast Track Exit Mode’ for striking their names off the register, since the beginning of the financial year.
As many as 8,229 firms had availed this mode in 2013-14, while 4,526 and 29,998 companies had done so in 2012-13 and 2011-12 respectively.
In reply to a separate query on number of shipping companies in the country, Mr. Jaitley informed the house that a total number of 931 firms were classified as ‘Sea and Coastal Water Transport Companies’ as on March 4, 2015.
Of these firms, the maximum number (405) firms were registered in Maharashtra followed by West Bengal (90).
