Three lakh companies under scanner : PM

Speed Post News Network

New Delhi : PM Narendra Modi on July 1, 2017, addressed a large gathering in New Delhi on the occasion of Chartered Accountants’ Day. In an address seen live across multiple locations throughout the country, on the first day of the rollout of Goods and Services Tax, the Prime Minister said that as many as three lakh companies have come under the scanner in the course of inspecting the data mined after demonetisation.

The PM said that one lakh companies, which had been found to be in violation of laws, had been removed from the Register of Companies, according to a PIB report. He reiterated that the Union Government has taken bold decisions in national interest. The Prime Minister said that while the country has the capacity to recover from any setback, its development is seriously impacted when a small section of people start indulging in corrupt practices, according to the release. The Prime Minister called upon Chartered Accountants to introspect and weed out corrupt practices and persons from their fraternity.