324 Companies filed for Bankruptcy between 2018 to 2020

2 minutes, 1 second Read

324 Companies filed for Bankruptcy between 2018 to 2020


Ministry of Corporate Affairs

324 companies filed for bankruptcy between 2018 to 2020

Posted On: 16 MAR 2021 5:00PM by PIB Delhi

As per data provided by the National Company Law Tribunal (NCLT), 149 in the year 2018, 103 in the year 2019 and 72 in the year 2020 making a total of 324 companies which have filed for bankruptcy during the aforesaid three years period.

This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in a written reply to a question in Rajya Sabha today.

Giving more details, the Minister stated, as per data provided by the NCLT, 8,330 applications in the year 2018, 12,091 in the year 2019 and 5,282 in the year 2020 were filed under the IBC. Therefore, it appears that number of applications have not increased over the last three years.

As per the Companies Act 2013, companies are required to hold Annual General Meeting (AGM) within six months from the end of financial year. Therefore, financial statements and board report containing disclosure about CSR, are to be filed in MCA21data base within 30 days of the AGM. Thus, for the current financial year no filing has been made by CSR mandated companies.

Source: Posted On: 16 MAR 2021 5:00PM by PIB Delhi

Also read other articles @ EduTaxTuber

Court Refuses Anticipatory Bail to CA Accused of Forgery and GST Evasion
Court Refuses Anticipatory Bail To CA Accused of Forgery and GST Evasion: In the Matter of Aman Gupta Vs. State, the Delhi High Court has refused anticipatory bail to a Chartered Accountant (CA). AMAN GUPTA Versus STATE BAIL APPLN. 3408/2022 …
Income Tax Advisory for Validation of Bank Account for Income Tax Refund
The Income Tax department has issued an advisory for validation of Bank account for INCOME TAX REFUND It may be possible that you have filled your Income tax return but still have not received refund due to bank validation issue …

If you want to make the lower case, The Excel LOWER function Converts all uppercase letters in a text string to lowercase. It ignores space, numbers, and punctuation. Visit this link – Excel LOWER Function.

The Excel PROPER function Capitalizes the first letter in a text string and any other letters in the text that follow any character other than a letter. It Converts all other letters to lowercase letters. Visit this link – Excel PROPER Function

Create TDS Nature of Payment

From the gateway of Tally press “C” then select “TDS Nature of Payments” under the Statutory Masters and press Enter. OR Press “ALT + G” select Create Master press Enter and select “TDS Nature of Payment” under the Statutory Masters and hit the enter button.

How To Check PM- Kisan Samman Nidhi Yojna Beneficiary Status

In this article we will see in detail how to check “PM- Kisan Samman Nidhi Yojna” beneficiary status i.e. whether money is received or not. You can check it Online. You can check in three ways i.e using 1. Aadhar Number, 2. Bank Account Number, and 3. Mobile Number.…. Read More

EduTaxTuber Team

EduTaxTuber Team

We are here to help for every updates related to everything...👍📙👍📗

Similar Posts

Leave a Reply