shell companies
Shell cos clampdown: Sebi for forensic audit of 3 firms
Sebi has asked exchanges to appoint independent auditors to conduct forensic audit of these firms for verification.
Disqualified directors of shell cos barred from submitting documents to govt
As part of the ministry's clampdown on shell companies, directors of such entities might also face regulatory action.
2.09 lakh companies deregistered; directors face action: Govt
Section 248 of the Companies Act provides powers to strike off names of companies on various grounds.
Modi govt beefs up surveillance on shell firms in war against 'black money'
Modi's office has formed a team of top law enforcement and revenue officials to go after such companies.
Shell companies: SAT lifts trading curbs on Parsvnath, 5 others
Sebi on August 7 had asked stock exchanges to restrict trading in shares of 331 suspected shell companies.
Jaitley ensures speedy action being taken against shell companies
He said the real owners behind such entities need to be identified and steps are being taken under benami and I-T laws for that.
SAT to hear Parsvnath, Kavit Industries pleas tomorrow
Trading restrictions were imposed on these companies with effect from August 8 after which many of them approached SAT.
SAT stays trading curb on suspected shell cos JPrakash, Prakash Industries
These two companies are among the 331 suspected shell companies identified by the government.
JKumar, Parsvnath move SAT against shell company tag
JKumar Infraprojects said it is not a shell company and suspicion of the regulator is uncalled.
SEBI imposes trading curbs on suspected shell cos
However, Sebi did not reveal what illegal activities companies may have been engaged in.