Fri, Dec 08, 2017
As many as 12 companies got relief from the Securities Appellate Tribunal (SAT), which then sought details about 36 firms to verify credentials and fundamentals.
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Wed, Sep 06, 2017
A Shell company is an entity without any active business operations or significant assets. In India it has presently stolen limelight as it has become a cause of concern in regards to black money.
Thu, Aug 10, 2017
Companies have denied the shell allegation imposed by the Sebi on August 07, 2017. A list of 331 companies have been suspected as shell companies.
The leading bourse would report to the Sebi about the 48 companies after collecting the information. Out of the 48 firms, ten entities had already been suspended before the Sebi's directive.
Tue, Aug 08, 2017
Sebi after when the Ministry of Corporate Affairs (MCA) shared a database of 331 listed shell companies, have asked exchanges to stop trading for this month.
The 31-scrip index was trading at 32,316.58 above 42 points or 0.13%, while the 51-scrip gained over 21 points or 0.21% trading at 10,078.50.
The regulator's directive came after the corporate affairs ministry shared a list of 331 listed companies that are suspected to be shell entities and could even face "compulsory delisting".
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