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The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabhathat 238 Companies have been identified as vanishing companies.
Companies which had raised funds through Initial Public Offer were identified as Vanishing Company for
(i) non maintaining of their registered office;
(ii) non- traceability of directors(iii) non- filing of statutory returns/ listing requirements with the concerned Registrar of Companies / Stock Exchange for a period of 2 years. Out of 238 companies identified as vanishing companies, 119 companies have now become regular in filing their returns with the concerned Registrar of Companies. In addition, 32 companies have gone into liquidation. Thus, as on date, there are 87 companies which still remain identified as vanishing companies. The State-wise list of 87 vanishing companies is enclosed as Annexure I. 86 Prosecutions under Section 63/ 68 and 628 of the Companies Act, 1956 for mis-statement in the prospectus, fraudulently inducing persons to invest money and for false statement etc were filed against the company and its directors. Besides, 82 FIRs were also lodged with the Police to trace out the whereabouts of the companies and their directors.
The Minister was replying to a written question on the total number of companies which were identified as vanishing companies; identified the reasons for working of vanishing companies; the number of vanished companies which were found working in the country at present, State-wise; and the action taken against the promoters/ directors in these companies?
*****
ST/-
Annexure-I
List of Vanishing Companies (State-wise)
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S. No.
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Name of the Vanishing Company
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State
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1.
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Aashi Industries Ltd (Formerly known as Aashi PharmachemLtd)
|
Gujarat
|
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2.
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Bhavna Steel Cast Ltd.
|
Gujarat
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|
3.
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Citizen Yarns Ltd.
|
Gujarat
|
|
4.
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Cromakem Ltd
|
Gujarat
|
|
5.
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Frontline Financial Services Ltd.
|
Gujarat
|
|
6.
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Genuine Commodities Development Co. Ltd.
|
Gujarat
|
|
7.
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Girish Hotels Resorts and Health Farms Ltd.
|
Gujarat
|
|
8.
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Growth AgroIndustries Ltd.
|
Gujarat
|
|
9.
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Kesar Greenfield International Ltd
|
Gujarat
|
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10.
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Lyons Industrial Estate Enterprises Ltd (formerly known as Lyons Range Finance Ltd.)
|
Gujarat
|
|
11.
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Manav Pharma Ltd.
|
Gujarat
|
|
12.
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Marine Cargo Company Ltd.
|
Gujarat
|
|
13.
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Naisargik Agritech (India) Ltd.
|
Gujarat
|
|
14.
|
Naturo Pest Ltd.
|
Gujarat
|
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15.
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Nishu Fincap Ltd. (Formerly known as Medha Finance & Securities Ltd.)
|
Gujarat
|
|
16.
|
Pur Opale Creations Ltd (formerly known as NulineGlassware (India) Ltd.)
|
Gujarat
|
|
17.
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Protech Circuit Breakers Ltd.
|
Gujarat
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18.
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Protech Switchgears Ltd.
|
Gujarat
|
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19.
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Shree Yaax Pharma & Cosmetics Ltd.
|
Gujarat
|
|
20.
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Shreeji Dyechem Ltd.
|
Gujarat
|
|
21.
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Shri Mahalaxmi Agricultural Developments Co. Ltd.
|
Gujarat
|
|
22.
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Spil Finance Ltd.
|
Gujarat
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|
23.
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Super Domestic Machines Ltd.
|
Gujarat
|
|
24.
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Sushil Packagings (India) Ltd.
|
Gujarat
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25.
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Tirth Plastics Ltd.
|
Gujarat
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26.
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Topline Shoes Ltd
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Gujarat
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|
27.
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Aditya Alkaloids Ltd.
|
Andhra Pradesh
|
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28.
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Canara Credit Ltd.
|
Andhra Pradesh
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29.
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Daisy Systems Limited
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Andhra Pradesh
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30.
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Imap Technologies Limited
|
Andhra Pradesh
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31.
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Kamakshi Housing Finance Ltd. (Presently known as KishaImpex Ltd.
|
Andhra Pradesh
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32.
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Deccan Petroleum Ltd.
|
Andhra Pradesh
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33.
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Orpine Systems Limited
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Andhra Pradesh
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34.
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Chhakri Tyres & Tubes Ltd. or Rhino Tyres Ltd. (Presently known as Raam Tyres Ltd.)
|
Andhra Pradesh
|
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35.
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Sequel Soft India Limited
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Andhra Pradesh
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36.
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Sibar Media & Entertainment Limited
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Andhra Pradesh
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37.
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Sibar software services India) Ltd
|
Andhra Pradesh
|
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38.
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Swal Computers Ltd
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Andhra Pradesh
|
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39.
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Visie Cyber Tech Ltd.
|
Andhra Pradesh
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40.
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Ambuja Zinc Ltd.
|
Bihar
|
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41.
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Bodh Gaya Ceramics Ltd.
|
Bihar
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42.
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Cilson Organics Ltd.
|
Bihar
|
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43.
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Shree Vaishnavi Printing and Dyeing Ltd.
|
Bihar
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44.
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Carewell Hygiene Products Ltd
|
Chandigarh
|
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45.
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Sukhchain Cements Ltd. (formerly known as GanapatiCements Pvt. Ltd.)
|
Chandigarh
|
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46.
|
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