In several countries some companies names are registered in the Name of a Remote Village to take the Advantage of doing Financial Frauds by taking the Advantage of Village Name.Village means fixed and floating assets of the Farmers who are unaware of the existence of a Private Company Registered by Fraudulent Persons to commit financial frauds (Raising Loans with fake ownership documents of Fixed and floating assets of the Farmers of the Village (in the form of Lease agreements of Fixed Assets in a Village.
Hence it is a mandatory for Companies Registered Authority not to Register any company in the name of a Village in India
