"First we struck off 3.5 lakh inactive shell companies. The ministry expects about 8.5 lakh companies to come forward to comply with the latest norm for companies out of a total of around about 11.50 lakh registered firms. We will know that out of about 11.5 lakh companies, how many are doing business," he further said. As many as 11.35 lakh companies were active in the country as on December 31, 2017, according to the government data. About 17 lakh directors out of a total of 34 lakh filed 'DIR-3 KYC' form for directors before the cut-off date for filing the form.

Source: dna May 09, 2019 23:26 UTC