Lok Sabha Question No. 1351 (UNSTARRED), answered on 2025-12-08
Subject: Monitoring of Grants
Ministry: CORPORATE AFFAIRS
Asked by: Shri Rajesh Ranjan

## GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS LOK SABHA

## UNSTARRED QUESTION NO. 1351 ANSWERED ON MONDAY, DECEMBER 08, 2025 Agrahayana 17, 1947 (Saka)

## Monitoring of Grants

## QUESTION

1351. Shri Rajesh Ranjan:

Will the Minister of CORPORATE AFFAIRS be pleased to state:

- (a) whether  many  companies  in  the  country  are  registered  in  the name  of  working  in  the  fields  of  pollution  control,  environmental protection, carbon credits, climate change mitigation, etc;
- (b) if so, whether the Government has an updated and verified list of all  such  companies  claiming  to  work  in  these  areas,  if  so,  the  details thereof;
- (c) whether  the  Government  has  complete  details  of  grants/funds received by these companies from abroad for environmental protection or carbon mitigation works, if so, the details thereof;
- (d) whether the Government regularly  checks that the foreign funds received by these companies are being used in genuine projects and not just for paperwork or making unfair profits;
- (e) if so, the details thereof; and
- (f) the  details  of  the  monitoring  process  undertaken,  compliance checks conducted, action taken and corrective measures proposed by the Government in this regard?

## ANSWER

Minister of State in the Ministry of Corporate Affairs; Minister of State in the Ministry of Road Transport and Highways.

(Shri Harsh Malhotra)

(a)&(b)  -          Companies  at  the  time  of  incorporation  are  provided  NIC activity code on the basis of their nature of business which is embedded in  the  unique  CIN(Corporate  Identification  Number)  given  to  each company.  Specific  data  of  companies  in  the  field  of  pollution  control, environmental protection, carbon credits, climate change mitigation, etc is not maintained under MCA -21.However, there are several  companies incorporated under NIC Code having business activities such as

Recycling  of  Metal  Waste  &  Scrap,  Recycling  of  Non-metal  waste  & Scrap, Generation of Solar Energy, Generation of Electricity from other non-conventional  sources,  Sewage  &  refuse  disposal,  Sanitation  & similar activities, garbage collection, transportation and disposal, collection of hazardous, and non-hazardous waste etc. (c) to (f)All companies are required to prepare Financial Statement as per Section 129 of Companies Act, 2013 which mandates that Company's financial  statements  must  present  a  true  and  fair  view, comply with notified accounting standards and follow Schedule III. All companies are required  to  file  their  financial  statement  under  Section 137  of  the  Companies  Act,  2013  with  Registrar  of  Companies.  The auditor audits the financial statement of the company under section 143 of the Companies Act, 2013. Suitable action is taken from time to time by  Registrar  of  Companies  against  the  defaulting  companies  after following  due  process.  No  specific  data  on  grants/fund  received  from abroad  is  maintained  under  MCA-21.    Further,  as  per  the  information given  by  the  Ministry  of  Home  Affairs,  processing  of  registration  and renewal applications under Foreign Contribution (Regulation) Act, 2010 are  based  on  field  enquiry  report  from  Central  Security  Agencies  and appropriate action is taken against organizations violating the provisions of Foreign Contribution (Regulation) Act, 2010.

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