Thu, Sep 08, 2022
A source close to development told Zee Business, “This entity is supposedly being used as an entry operator for the fraudulent transactions of Chinese enterprises, companies and individuals.”
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Thu, Sep 01, 2022
The shell entities have been found to have routed back the unaccounted money in the guise of share capital or unsecured loan into the business of the group, CBDT said.
Thu, Aug 01, 2019
Corporate affairs ministry likely to tighten LLP's laws. Watch video to know more
Sat, Jun 09, 2018
As many as 3,09,619 directors were also disqualified u/s.164(2)(a) read with Section 167(1) of the Companies Act, 2013 for non-filing of Financial Statements or Annual Returns for a continuous period of immediately preceding 3 financial years (2013-14, 2014-15 & 2015-16).
Sun, Feb 18, 2018
It is suspected that the shell firms were being used by the accused to launder money and create “benami” assets in the form of land, gold and precious stones, which is now being probed by the tax department.
Wed, Dec 20, 2017
The government had struck off a total of 2,24,000 companies, thereby disqualifying about 3,09,000 directors.
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.
Sun, Dec 03, 2017
After striking off names of around 2.24 lakh companies from the official records for being inactive for long and disqualifying more than 3 lakh directors, the corporate affairs ministry is carrying out data mining to gather more details.
Wed, Nov 15, 2017
Banks started scanning all the account details of directors who were disqualified by the Ministry of Corporate Affairs as part of alleged shell companies.
Mon, Nov 06, 2017
Banks started scanning last week all the account details of directors who were disqualified by the ministry of corporate affairs as part of alleged shell companies.
'The leaked documents, dubbed the Paradise Papers, show how deeply the offshore financial system is entangled with the overlapping worlds of political players, private wealth and corporate giants.'
Fri, Oct 06, 2017
Tue, Sep 26, 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, Sep 07, 2017
"It has been decided that in case director/authorised signatory of any struck-off company tries to unauthorisedly siphon off money from its bank account, he/she may attract imprisonment of not less than six months and extendable to 10 years," a Finance Ministry statement here said.
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.
Sat, Aug 26, 2017
The market also perturbed by the BSE moving ahead to compulsorily delist 200 firms and bar their promoters as the these shares has remained suspended for over a decade.
Wed, Aug 16, 2017
Sending out a strong message to shell companies, the government decided to deregister 200 Limited Liability Partnership (LLPs).
Tue, Aug 15, 2017
Nearly 200 LLPs that have been inactive for at least two straight financial years have come under the scanner of the ministry, as per communications sent out by it in the last two months.
In fourth speech as Prime Minister of the country, Narendra Modi spoke about demonetisation drive and continuous effort to fight with black money.
Mon, Aug 14, 2017
Market watchdog identified 331 listed firms as suspected shell companies. Various measures are taken by the regulator in tackling the black money.
Fri, Aug 11, 2017
The 31-scrip index was trading at 31,230.90 down 300 points or 0.95%, while the 51-scrip index was trading at 9,726.10 down by 95 points or 0.96%
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 31-scrip index was trading at 31,685.30 down over 112 points or 0.35%, while the 51-scrip index tumbled by 33 points or 0.33% trading at 9,875.05.
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![Sebi's scanning of "shell companies" creates problems for investors, banks](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_160x90/public/2017/08/14/22893-sebi-youtube.png?itok=5VpOqmF5&c=e33a5d63612e74724e415f01ce85e482 "Sebi's scanning of "shell companies" creates problems for investors, banks")
