*MCA files Prosecution against 780 listed Companies for Non-Filing of Financial Statements and Annual Returns*
The Government has taken any steps against listed companies which are not functioning. Ministry of Corporate Affairs (MCA) has filed prosecution against 780 listed companies under various sections of Companies Act, 2013 due to non-filing of Financial Statements and Annual Returns. As on 31st December 2015, there were 15.19 lakh registered companies in India. Of these, 10.7 lakh companies were active in which 7, 269 were listed companies. There were only 7, 270 active listed companies out of 17.21 lakh registered companies as on December 2017 whereas in December 2014 there were 7, 261 active listed companies out of 14.39 lakh registered companies in India. This was stated by Union Minister of State for Law & Justice and Corporate Affairs P.P. Chaudhary in Lok Sabha today.