Search
35,000 Companies Deregistered After Withdrawing Funds Post Demonetization
November 07, 2017
As many as 35,000 companies had deposited Rs. 17,000 crores and withdrew the same after demonetization. These are now deregistered, the government said.
In the government’s fight against black money, about 2.24 lakh companies that were found to be inactive have been struck off from the official records, and about 3.09 lakh directors disqualified.
The details of these companies were obtained from 54 banks, which showed that these had about 58,000 accounts with them. According to the government, one of the companies had as many as 2,134 accounts, which raised suspicion. Its details have been shared with the authorities for appropriate action.
