1.6L firms' registration cancelled for not filing statements
Minister of State for Finance Santosh Gangwar has said registrations of over 1.62 lakh companies have been cancelled that failed to file financial statements for two immediately preceding financial years. He added that I-T investigations found over 1,155 shell companies during 2013-14 to 2015-16 and complaints have been filed against 47 people involved in wrongdoings through shell companies.