100 companies abolished, 80 referred to court

MALE, May 17 (HNS) -- More than 100 companies have been abolished and 80 companies have been referred to the court, according to Trade and Industries ministry. These companies did not do any commercial activities in the past two years. The Registrar of Companies Idham Muizzu said on Thursday that before some 185 companies were abolished, a public notice was published to see if there were any issues against these companies. He said cases have been filed by the public against some companies. Muizzu said that some of the companies referred to the court have operating bank accounts, labor-related problems and some who had not paid the bills.