According to a government official, in the next three months, the Ministry of Corporate Affairs (MCA) is set to strike off up to 400 Chinese companies across 17 states due to incorporation and financial frauds. Presently, over 700 Chinese companies are under MCA investigation. Prolonged Investigations and Company Termination Process As per the officials, the inquiry on 600 Chinese companies is finished. “There will be a significant number of approximately 300-400 companies that will be de-registered. These companies include loan apps, online job companies, etc.” The Ministry of Corporate Affairs…