As many as 12,889 companies were struck off from official records in the financial year ended March 2021 and 87 companies dissolved during the same period, according to official data. In 2020-21, a total of 12,889 companies were struck off and 87 companies dissolved, as per the data provided along with a written reply by Minister of State for Corporate Affairs Rao Inderjit Singh. "Thus, it cannot be said that 13,000 big companies and lakhs of small and tiny companies have shut down during 2020-2021," Mr. Singh said. The minister also noted that big companies, small and tiny industries are not defined under the Companies Act, 2013, and that the term 'closed company' is also not defined under the Act. In Delhi and Haryana, 2,396 companies were struck off and 42 dissolved in 2020-21 while 12,653 companies were struck off and 53 dissolved in 2019-20, the data showed.

Source: The Hindu July 20, 2021 10:41 UTC