shell companies
Over 1.12 lakh shell firms struck off since 2019
In 2019, the government informed that the CBI had registered 30 cases against 104 shell companies in the four years
Sebi asks suspected shell cos to cooperate in forensic audits
Shell companies are dubious entities that are mainly used for illegal money laundering.
5,800 shell firms under govt scanner over deposits post demonetisation
Last month, the government imposed restrictions on operations of bank accounts of over 2 lakh 'struck-off' companies.
Govt releases data on companies involved in money laundering after note ban
Over Rs 4,574 crore was deposited post note ban in 13,140 bank accounts of 5,800 suspected companies.
Shell companies crackdown: 4.5 lakh directors may face axe
A total of 3,19,637 directors have been identified and flagged as disqualified under Section 164 (2) (a) of the Companies Act, 2013.
After shell companies, Centre to scrutinise 10 lakh active firms
In its fight against shell companies, the government recently disqualified over 1 lakh directors.
Govt 'proactive' in dealing with GST, benami property, says FM Jaitley
The Centre is also deliberating on divestment of Air India, for which a meeting is being chaired later in the day, Jaitley stated.
Govt makes public names of 55,000 debarred directors of shell companies
More than two lakh such companies have already been struck off the register of the companies with various ROCs.
Sebi board to take stock of suspected shell cos on Monday
On August 7, the watchdog directed exchanges to restrict trading in shares of 331 companies.
Govt against shell companies: CBDT, MCA to share info on audit, PAN reports
The pact aims at curbing the menace of money laundering, black money and misuse of corporate structure by shell companies.