The cognizance has been taken on 100 FIRs, Company Affairs Minister P C Gupta said in an interaction with the 'Forum of Financial Writers'.
He said in all 229 companies had been identified as vanishing companies, of which 115 had been located and were now filing their documents with the various Registrar of Companies.
He said he had written to state Chief Ministers, seeking cooperation from police for investigation of cases against such companies and their promoters.
"As a result of these measure, there has been a considerable decline in the number of vanishing companies," the minister said. He said serious frauds investigation office was being geared up to deal with more cases.
"There are currently 29 cases with SIFO of which 14 are of the companies related to tainted stock broker Ketan Parekh," Gupta said.
SIFO has also started investigation against Vatsa Corporation, Daewoo Motors India, Bonanza Biotech, DSQ Software, Mardia Chemicals, Adam Comsof, Soundcraft Industries and Kolar Biotech.
"Lack of awareness and education among the investors is the main reason why they get cheated. The Investor Education and Protection Fund has been constituted for educating investors. Reputed NGOs are being roped for the purpose," he added.
