Govt to deregister 1.2L more firms in shell firm crackdown
The government on Tuesday said it has decided to deregister 1.2 lakh more companies for various non-compliances in the crackdown on shell companies. Earlier, nearly 2.26 lakh companies were deregistered and 3.09 lakh directors associated were disqualified. Around 1,157 cases had been filed with the National Company Law Tribunal for the restoration of deregistered companies, the government added.