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shell companies

Sebi asks suspected shell cos to cooperate in forensic audits

Shell companies are dubious entities that are mainly used for illegal money laundering.

30 Oct 2018 3:01 PM

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.

06 Oct 2017 1:40 PM

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.

06 Oct 2017 1:18 PM

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.

05 Oct 2017 12:13 PM

After shell companies, Centre to scrutinise 10 lakh active firms

In its fight against shell companies, the government recently disqualified over 1 lakh directors.

26 Sep 2017 5:49 PM

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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.

21 Sep 2017 2:13 PM

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.

20 Sep 2017 10:49 AM

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.

17 Sep 2017 4:21 PM

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.

14 Sep 2017 5:14 PM

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.

14 Sep 2017 2:04 PM

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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.

06 Sep 2017 8:43 PM

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.

05 Sep 2017 5:53 PM

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.

16 Aug 2017 6:20 PM

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.

11 Aug 2017 5:34 PM

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.

11 Aug 2017 2:42 PM

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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.

10 Aug 2017 7:55 PM

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.

10 Aug 2017 4:27 PM

JKumar, Parsvnath move SAT against shell company tag

JKumar Infraprojects said it is not a shell company and suspicion of the regulator is uncalled.

09 Aug 2017 5:25 PM

SEBI imposes trading curbs on suspected shell cos

However, Sebi did not reveal what illegal activities companies may have been engaged in.

08 Aug 2017 3:19 PM

Massive crackdown on shell companies in offing: CBDT

MCA has already cancelled registrations of over 1.62 lakh companies for non-filing of financial statements.

27 Jul 2017 4:03 PM

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