Nearly 2.26 lakh companies have already been deregistered and around 3.09 lakh directors associated with these entities have been disqualified.
"Our judiciary is reputed all over the world, is independent and will sort out the matter itself," Chaudhary said.
The corporate affairs ministry will examine Sebi's order against audit major Price Waterhouse in the Satyam Computer Services case, Chaudhary said.
"Till date, the ministry has accorded permission for penal action against 196 companies for financial year 2014- 15," PP Chaudhary stated.
Over 3 lakh persons have been disqualified for holding the post of director at registered companies for failing to comply with regulatory requirements, the govt said.
Companies spent nearly 12 per cent more money at Rs 9,882 cr towards CSR works in 2015-16, PP Chaudhary said
MoS Law and Justice and Chief Justice of India crossed swords over judicial activism at a conference on the occasion of National Law Day.
The Code -- which provides for a market-determined and time-bound insolvency resolution process -- became operational in December last year.
Chaudhary asserted that GST would turn out to be a game changer.
Chaudhary asked over 11 lakh companies to contribute 7 per cent of their CSR funds to Swachh Bharat Mission.
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