Lok Sabha Question No. 3136 (UNSTARRED), answered on 2023-03-20
Subject: Liquidation of Companies in Tamil Nadu
Ministry: CORPORATE AFFAIRS
Asked by: S. Ramalingam

## GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS LOK SABHA UN-STARRED QUESTION NO. 3136

TO BE ANSWERED ON MONDAY, 20 th  MARCH, 2023 PHALGUNA 29, 1944 (SAKA)

## LIQUIDATION OF COMPANIES IN TAMIL NADU QUESTION

3136. SHRI RAMALINGAM S:

Will the Minister of CORPORATE AFFAIRS कारपोरेट कार्य मंत्री be pleased to state:

- (a) the number of companies under liquidation in the State of Tamil Nadu;
- (b) the number of companies de-registered in the State of Tamil Nadu in the last three years along with the reasons for their de-registration;
- (c) the progress made by Serious Fraud Investigation Office (SFIO) in The last three years to proactively identify the fraud in companies and the actions taken against them; and
- (d) the details of the companies against which investigation has been initiated by the SFIO?

ANSWER

Minister of State (Independent Charge) of the Ministry of Statistics and Programme Implementation; Minister of State (Independent Charge) of the  Ministry  of  Planning  and  Minister  of  State  in  the  Ministry  of Corporate Affairs.

(Rao Inderjit Singh)

- (a) As per data provided by Regional Director (Southern Region), 185 companies are undergoing liquidation process under Companies Act, 1956 and as per data provided by IBBI, 228 Companies are undergoing liquidation under Insolvency and Bankruptcy Code, 2016 in the state of Tamil Nadu.
- (b)  As  per  information  provided  by  Regional  Director  (Southern Region) and IBBI, the number of companies deregistered in the last three years i.e.  2019-20 to 2021-22 and Current Year (till date) in the state of Tamil Nadu along with the reasons therefor, are as follows: -
- (c)  &  (d)  SFIO  investigates  those  cases/companies  which  are assigned  by  the  Ministry  of  Corporate  Affairs  as  per  provisions  of Section 212 of the Companies Act, 2013.

| Reasons                       |   No. of Companies |
|-------------------------------|--------------------|
| Voluntary Strike Off          |               5713 |
| Strike Off by ROC             |               9756 |
| Dissolved by Winding up under |                 92 |
| Dissolved under IBC           |                 32 |

During the last three years and current year,  the number of cases assigned for investigation by the Ministry to SFIO are as under: -

| Financial Year                 |   No. of cases assigned for investigation |   No. of companies involved |   No. of cases in which prosecution has been filed |
|--------------------------------|-------------------------------------------|-----------------------------|----------------------------------------------------|
| 2019-20                        |                                        26 |                         326 |                                                 19 |
| 2020-21                        |                                        20 |                          69 |                                                 05 |
| 2021-22                        |                                        14 |                          96 |                                                 09 |
| Current Year (till 15.03.2023) |                                        07 |                          95 |                                                 17 |

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