Wednesday, April 1, 2020
Home News Reports 73,000 deregistered companies deposited Rs 24,000 crore post demonetisation, shows govt data

73,000 deregistered companies deposited Rs 24,000 crore post demonetisation, shows govt data

Also Read

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

In data released by the Ministry of Corporate Affairs, almost 73,000 companies have been deregistered and have made to deposit more than Rs. 24,000 crore in bank accounts post demonetisation.

The Government started its fight against black money and is working towards tracking down the flow of illicit funds and illicit assets. It has taken steps to deregister the names of around 2.26 lakh companies which have been dormant for many years. It has also come to the government’s notice that these companies in the past had also involved in illegal fund flows.

The Ministry, which has compiled the data said that more than 1.68 lakh companies out of the 2.26 lakh deregistered companies have deposited the cash in their accounts post demonetisation. Out of this, 73,000 companies deposited Rs 24,000 crore. Details of companies from various banks are under process, the ministry said in a document. In another report, the data shows that the direct tax collection post demonetisation has increased by 15.3%, which amounts to the collection of Rs. 9.80 crores of direct tax alone.

- article continues after ad - - article resumes -

The Ministry document said that there are 68 companies are under investigation. The Serious Fraud Investigation Office (SFIO) is also probing 19 companies while the Registrars of Companies (RoC) are investigating 49 firms, it added.

It seems that the government has taken the issue of black money and illicit fund flows very seriously. Earlier, the Modi government intensified the crackdown on Benami Transactions by announcing a reward scheme to clamp down on benami properties. Under this scheme, the person who passes on any specific information about Benami transactions will be rewarded upto Rs 1 crore.

In several addresses, to the nation, PM Modi has said that he is committed to rooting out black money from the system by cracking down on benami properties. The present government has taken several steps like withdrawing of high currency values, from usage, enforcing strict measures to track illicit funds and other steps to eliminate the menace of black money from the system.

- Support OpIndia -
Support OpIndia by making a monetary contribution

Trending now

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Latest News

Within months of exporting Wuhan Coronavirus, China reopens wet markets selling bats, dogs, cats

It is believed that the Wuhan Coronavirus spread to human from bats in wet markets in Huanan in in China's Wuhan

To whitewash Tablighi Jamaat’s deeds, Founder-Editor of The Wire spreads fake news about Yogi Adityanath

The Wire's report has very explicitly attributed the fake quote to Yogi Adityanath.

Tablighi Jamaat committed a ‘Talibani crime’, their sin is unpardonable: Union Minister Mukhtar Abbas Naqvi

Union Minister Mukhtar Abbas Naqvi lashes out on Tablighi Jamaat holding congregation despite government orders restricting huge gatherings amidst coronavirus outbreak

‘The killer coronavirus probably originated from a laboratory in Wuhan’, claims research paper published by Chinese scientists

According to the Chinese research paper, the only place those particular bats existed locally was inside a research facility which was just several hundred yards from the Wuhan wet market. The paper strongly concluded that the coronavirus pandemic had likely been the result of a leak from the lab.

French Church’s mega congregation in February linked to over 2500 cases of coronavirus across 4 countries

An evangelical church in Mulhouse, France organized an event in mid-February that has now been linked to at least 2500 cases of corona virus across four countries.

Coronavirus: No N95 masks or critical PPEs are being exported, govt allays fears in wake of claims on social media

On 29 March, India supplied 90 tonnes of medical protective equipment to Serbia to help the country in fighting the Chinese coronavirus outbreak.

Recently Popular

Tablighi Jamaat and its links to terrorist organizations: History of association to Al Qaeda, Taliban and Kashmiri terrorists

The links of Tablighi Jamaat with terrorist organizations such as the Al Qaeda become hugely significant.

We’re not rich like US, but we’ve Islam: Pakistan PM announces ways to fight Coronavirus

Imran Khan, in his address to his nation on March 30, praised China, the country which unleashed Wuhan coronavirus on rest of the world.

Muslim clerics of Tablighi Jamaat exhibiting symptoms of COVID-19 found spitting out on roads from buses

The Muslim clerics of Tablighi Jamaat suspected of suffering from COVID-19 were transported from Nizamuddin to medical centre for their treatment

Indian Cricketers shamelessly donating to Shahid Afridi Foundation to supposedly fight Coronavirus seem to have no self-respect: Here is why

Former Indian cricketers Harbhajan Singh and Yuvraj Singh are voicing their support for the Shahid Afridi Foundation despite the fact that the Pakistani cricketer on numerous occasions has made crass remarks about India and Hindus.

Uttar Pradesh: Maulvi booked for hiding Indonesian Muslims in a mosque in Bijnor, Muslims of other nationalities also found from other mosques

A Markazi mosque in Kaiserbagh area of Lucknow was found sheltering foreigners from Kyrgystan and Kazakhastan since March 13

Subscribe to our newsletter

Each morning, get an email to keep updated with all the news, opinions and analysis published by OpIndia.

Connect with us

216,843FansLike
267,808FollowersFollow
209,000SubscribersSubscribe
Advertisements