TMI BlogVanishing Companies.X X X X Extracts X X X X X X X X Extracts X X X X ..... Vanishing Companies. - News and Press Release Dated:- 25-8-2011 - News - Press Information Bureau Government of India Ministry of Corporate Affairs 25-August-2011 17:42 IST Vanishing Companies 25 L The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabha that 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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) S. No. Name of the Vanishing Company State 1. Aashi Industries Ltd (Formerly known as Aashi Pharmachem Ltd) Gujarat 2. Bhavna Steel Cast Ltd. G ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ujarat 3. Citizen Yarns Ltd. Gujarat 4. Cromakem Ltd Gujarat 5. Frontline Financial Services Ltd. Gujarat 6. Genuine Commodities Development Co. Ltd. Gujarat 7. Girish Hotels Resorts and Health Farms Ltd. Gujarat 8. Growth AgroIndustries Ltd. Gujarat 9. Kesar Greenfield International Ltd Gujarat 10. Lyons Industrial Estate Enterprises Ltd (formerly known as Lyons Range Finance Ltd.) Gujarat 11. Manav Pharma Ltd. Gujarat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 12. Marine Cargo Company Ltd. Gujarat 13. Naisargik Agritech (India) Ltd. Gujarat 14. Naturo Pest Ltd. Gujarat 15. Nishu Fincap Ltd. (Formerly known as Medha Finance Securities Ltd.) Gujarat 16. Pur Opale Creations Ltd (formerly known as Nuline Glassware (India) Ltd.) Gujarat 17. Protech Circuit Breakers Ltd. Gujarat 18. Protech Switchgears Ltd. Gujarat 19. Shree Yaax Pharma Cosmetics Ltd. Gujarat 20. Shreeji Dyechem Ltd. Gujarat 21. Shri Mahalaxmi Agricultural Developments Co. Ltd. G ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ujarat 22. Spil Finance Ltd. Gujarat 23. Super Domestic Machines Ltd. Gujarat 24. Sushil Packagings (India) Ltd. Gujarat 25. Tirth Plastics Ltd. Gujarat 26. Topline Shoes Ltd Gujarat 27. Aditya Alkaloids Ltd. Andhra Pradesh 28. Canara Credit Ltd. Andhra Pradesh 29. Daisy Systems Limited Andhra Pradesh 30. Imap Technologies Limited Andhra Pradesh 31. Kamakshi Housing Finance Ltd. (Presently known as Kisha Impex Ltd. Andhra Pradesh 32. Deccan Petroleum Ltd. Andh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ra Pradesh 33. Orpine Systems Limited Andhra Pradesh 34. Chhakri Tyres Tubes Ltd. or Rhino Tyres Ltd. (Presently known as Raam Tyres Ltd.) Andhra Pradesh 35. Sequel Soft India Limited Andhra Pradesh 36. Sibar Media Entertainment Limited Andhra Pradesh 37. Sibar software services India) Ltd Andhra Pradesh 38. Swal Computers Ltd Andhra Pradesh 39. Visie Cyber Tech Ltd. Andhra Pradesh 40. Ambuja Zinc Ltd. Bihar 41. Bodh Gaya Ceramics Ltd. Bihar 42. Cilson Organics Ltd. Bihar ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 43. Shree Vaishnavi Printing and Dyeing Ltd. Bihar 44. Carewell Hygiene Products Ltd Chandigarh 45. Sukhchain Cements Ltd. (formerly known as Ganapati Cements Pvt. Ltd.) Chandigarh 46. Kedia Infotech Ltd (formerly known as Grives Hotels Ltd.) Delhi 47. Hoffland Investments Ltd. (formerly known as Vadra Investments Ltd.) Delhi 48. Simplex Holdings Ltd Delhi 49. Star Electronics Ltd. Delhi 50. Zed Investments Ltd. Delhi 51. Flora Wall Coverings Ltd. Karnataka 52. Ocean Knits Limited Karnataka ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 53. Hi-Tech Drugs Ltd Madhya Pradesh 54. Madhyavart Exxoil Ltd Madhya Pradesh 55. Rajadhiraj Industries Ltd. Madhya Pradesh 56. South Asian Mushrooms Ltd. Madhya Pradesh 57. Sterling Kalk Sand Bricks Ltd. Madhya Pradesh 58. Caldyn Aircon Ltd Maharashtra 59. Gobal Exhibitions Ltd. (Formerly known as Global Network Ltd.) Maharashtra 60. Hitesh Textile Mills Ltd. Maharashtra 61. Ichakalanji Soya Ltd. Maharashtra 62. Pashupati Cables Ltd. Maharashtra 63. Realtime Finlea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... se Ltd. Maharashtra 64. Rusoday Company Ltd. Maharashtra 65. Sparkle Foods Ltd. Maharashtra 66. Vipul Securities Ltd. Maharashtra 67. Universal Vita Alimentare Ltd. Orissa 68. Hallmark Drugs and Chemicals Ltd. (formerly known as Lifeline Drugs Ltd.) Punjab 69. Amigo Exports Ltd. Tamil Nadu 70. Crestworld Marines Ltd. Tamil Nadu 71. Ma Capital Market Services Ltd. Tamil Nadu 72. Nagarjuna Jiyo Industries Ltd. Tamil Nadu 73. PK Vaduvammal Finance Investments Ltd.( Presently known as ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Novel Finance (I) Ltd. Tamil Nadu 74. Panggo Exports Ltd. Tamil Nadu 75. Sai Graha Finance and Engineering Ltd. Tamil Nadu 76. Shyam Printers Publishers Ltd. Tamil Nadu 77. AVR Securities Ltd. Tamil Nadu 78. Global Blooms India Ltd. Tamil Nadu 79. Rizvi Exports Ltd. Uttar Pradesh 80. Shefali Papers Ltd. Uttar Pradesh 81. Siddhartha Pharmachem Ltd. Uttar Pradesh 82. Vidiani Agrotech Industries Ltd. Uttar Pradesh 83. Asian Vegpro Industries Ltd West Bengal 84. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Kiev Finance Ltd. West Bengal 85. Oriental Remedies and Herbals Ltd. West Bengal 86. SSK Fiscal Services Ltd. West Bengal 87. Saket Extrusions Ltd. West Bengal ****************** - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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