Daijiworld Media Network - Bengaluru
Bengaluru, Sep 21: In what could be a major embarrassment for both the ruling and opposition governments, prominent leaders from both the parties have been disqualified by the Ministry of Corporate Affairs (MCA) as directors of shell companies in Karnataka.
According to MCA, as many as 21,798 directors from Karnataka have been disqualified under Section 164(2)(a) of the Companies Act, 2013 falling under the ambit of Registrar of Companies (RoC), Bangalore. According to the section, “Any person who is or has been a director of a company which has not filed financial statements or annual returns for any continuous period of three financial years stands disqualified.”
The list includes the name of Karnataka minister Ramesh Jarkiholi, who holds cooperation portfolio. Ramesh Jarkiholi’s family members Lakkanna Jarkiholi, Lakshmanrao Jarkiholi, Bhimashi Jarkiholi and Suvarna Jarkiholi have been disqualified, for non-filing of returns by their company Shri Lakshmanrao Jarkiholi Sugars Limited. The company was incorporated on April 13, 2006 and its last Annual General Meeting (AGM) was held on June 21, 2010.
Ramesh Jarkiholi and Jagadish Shettar
From the BJP, Jagadish Shettar’s wife Shilpa Shettar, sons Sankalp and Prashanth Shettar have been disqualified for not filing annual return of their company Jagadish Sugars, which was incorporated on July 18, 2011.
However, Shettar claims that his family members had already intimated government officials that there is no transaction taking place in the company.
Mahima Patel, son of Former CM JH Patel has been disqualified by the MCA, for non-filing of returns by his company JH Patel Hotels India. Set up in February 2009, the company has not conducted its AGM as per data available with the MCA.
Tennis star and Olympic medallist, Leander Paes who is the Director of -- Oly Property Management Private Limited and Leander Sport Private Limited has been disqualified for not filing returns of his two companies.
The RoC is expected to release a further disqualified directors’ list under Section 164(2)(b)of the Companies Act, 2013.The bank accounts of all these companies have
already been frozen by MCA.