Wednesday, October 28, 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

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.

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 Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

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

Related Articles

Trending now

“Dawood Ibrahim administrating legal, financial and mental attack on Republic TV, Arnab Goswami may face physical attack”: Former Bureaucrat RV Subramani

RV Subramani speaks on how Arnab Goswami touched the wrong nerve of Dawood Ibrahim and many politicians by reportage on Bollywood drug nexus

TeleMedicine: Technology bridging the doctor-patient gap to strengthen public healthcare system

Telecardiology helps connect cardiologists and patients in remote areas so that they could get timely report leading to proper diagnosis.

Bihar: The shocking story of Jungle Raj hidden in voter turnouts

The shocking story of Jungle Raj in Bihar no one told you.

Munger Police deactivates its Twitter account amidst claims of SP Lipi Singh being suspended over Durga Puja violence

SP Munger had earlier defended police action on devotees during the Durga Visarjan procession, claiming they provoked the force by pelting stones

NIA raids offices of Greater Kashmir and ‘activist’ associated with NGO that called Amarnath Yatra ‘militarised pilgrimage’

The NIA also carried out raids at the offices of another dubious NGO called 'Athroat', a houseboat named 'HB Hilton' in the Dal Lake and on the residence of 'activist' Khurram Parvez.

BJP MLA Krishnanand Rai’s widow writes to Priyanka Gandhi urging her to stop shielding Mukhtar Ansari, accused of killing her husband

Mukhtar Ansari is currently lodged in a jail in Punjab which is governed by Congress party, which has refused to transfer him to UP

Recently Popular

Faridabad: A month after college student Nikita files molestation complaint against Taufeeq, he shoots her dead

As per reports, the accused initially wanted to abduct the victim but killed her when she resisted him.

Nikita Tomar murder: Taufeeq was pressurising her to embrace Islam family alleges

On Monday, 21-year-old Nikita Tomar was shot to death in broad daylight outside the Aggarwal college in Ballabgarh, Faridabad

Charlie Hebdo mocks Turkish President Recep Erdogan in its latest cartoons, shows him lifting a skirt of woman wearing ‘hijab’

The front-page caricature of Wednesday's edition of Charlie Hebdo that was released online on Tuesday night depicts Erdogan in a white T-shirt and underpants, drinking a can of beer and lifting up the skirt of a woman wearing a hijab to reveal her naked bottom.

Nikita Tomar murder: Main accused Tauseef belongs to a family of influential Congress politicians from Nuh in Haryana

The prime accused Tauseef's grandfather, uncles and cousin brothers are all infuential Congress politicians from Haryana's Nuh

Chinese state-run channel shows the portrait of Prophet Muhammad, netizens ask if Muslim nations will boycott China

Arslan Hidayat, an Uyghur Rights Activist, took to Twitter shared a video of a Chinese TV series on Twitter in which it was depicted that an Arab ambassador visiting China during the rule of Tang dynasty gifts a portrait of the Prophet Muhammad to the Chinese emperor.

YouTuber Lakshay Chaudhary levels serious allegations of fraud against Gaurav Wasan of Swad Official whose video on ‘Baba ka Dhaba’ had gone viral

Gaurav Wasan of Swad Official had uploaded a video about the financial difficulties faced by the elderly couple of 'Baba ka Dhaba'.
- Advertisement -

Republic TV issues statement condemning Mumbai Police summons to their investors in relation to the TRP scam

Republic TV said that crime branch has asked all investors of the channel to produce all financial transactions relating to last five years

Param Bir Singh tortured me with belt, Saffron Terror allegation was Congress conspiracy to paint India as a terrorist state: Pragya Singh Thakur

Pragya Singh Thakur said that Param Bir Singh and Hemant Karkare had tortured her the most when she was in the custody of ATS

Delhi government begins crackdown on Diwali, 11 anti-firecracker squads to be formed to prevent use of crackers other than ‘Green Crackers’

Delhi govt announced that an anti-firecracker campaign will be launched on November 3 ahead of the Diwali festival

“Dawood Ibrahim administrating legal, financial and mental attack on Republic TV, Arnab Goswami may face physical attack”: Former Bureaucrat RV Subramani

RV Subramani speaks on how Arnab Goswami touched the wrong nerve of Dawood Ibrahim and many politicians by reportage on Bollywood drug nexus

Watch: Pro-India accounts disrupt Pakistan’s anti-India online meeting on Zoom, play pro-Hindu and Indian nationalistic songs

Indic social media users caused embarrassment to Pakistani authorities and diplomats after they raided their online event on zoom

Lord Ram’s effigy burnt in Amritsar on Dussehra, case registered after BJYM and VHP members held protests

In a video of the incident, some people were seen burning an effigy of Lord Ram on the occasion of Dussehra

TeleMedicine: Technology bridging the doctor-patient gap to strengthen public healthcare system

Telecardiology helps connect cardiologists and patients in remote areas so that they could get timely report leading to proper diagnosis.

Adivasis and family of Gond tribal leader Komaram Bheem objects to his Muslim look in the upcoming ‘RRR’ movie

Komaram Bheem’s grandson Sone Rao said that the movie RRR depicting Bheem as Muslim is nothing but a 'distortion'

Bihar: The shocking story of Jungle Raj hidden in voter turnouts

The shocking story of Jungle Raj in Bihar no one told you.

CIC issues show-cause notice and summons after NIC, IT Ministry said in RTI reply that they do not have information on creation of Aarogya...

CIC asked how NIC does not have information about creation of Aarogya Setu App when it says it is designed, developed and hosted by it

Connect with us

245,563FansLike
470,253FollowersFollow
19,500SubscribersSubscribe