|Registration of a Company|
|The Government is aware that a number of companies registered are not in operation for a long time. There are 1,46,316 dormant companies as on 23.08.2012. The Ministry of Corporate Affairs has launched “Fast Track Exit Mode” w.e.f. 03.07.2011 to provide an opportunity for defunct companies under section 560 of the Companies Act, 1956 for getting their names struck off from the register maintained by the Registrar of Companies.|
This information was given by Minister of State for Corporate Affairs Shri R.P.N. Singh in reply to a written question in the Lok Sabha today.