There is no provision in the Companies Act, 2013 for blacklisting of Companies.
Inputs have been received from Ministry of Defence regarding twelve companies with which business dealings have been suspended.
Ministry of Defence has stated that none of these companies has been removed from the list of barred companies and no contracts for capital procurement have been signed with the firms debarred from further business dealing by Ministry of Defence after the issue of the debarment orders.
This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Rajya Sabha today.
