About 1.92-lakh companies have not filed their balance sheet in India as on July 31 and out of this, 37,667 companies are from the country's financial capital - Mumbai.
"It is a matter of concern 1.92-lakh companies have not filed their balance-sheet as on July 31. Out of this, 37,667 companies are from Mumbai," Registrar of Companies (RoC), Henry Richard, said.
The government has recently launched two schemes - the company law settlement scheme and easy exist scheme - to help defaulting companies. The two schemes have been launched in May this year, he said.
The company law settlement scheme is targeting default companies who desire to continue after cleaning-up their track-record and the easy exist scheme targets defaulting companies which desire to exit without any compliance requirement.
"We have received around 10,000 applications for company law settlement scheme and 160 applications for the easy exit scheme. We are getting a good response for both schemes," Richard said.
