In 2019, the government informed that the CBI had registered 30 cases against 104 shell companies in the four years
19 Jul 2022 4:31 AM
Shell companies are dubious entities that are mainly used for illegal money laundering.
30 Oct 2018 3:01 PM
Last month, the government imposed restrictions on operations of bank accounts of over 2 lakh 'struck-off' companies.
06 Oct 2017 1:40 PM
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
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
In its fight against shell companies, the government recently disqualified over 1 lakh directors.
26 Sep 2017 5:49 PM
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
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
On August 7, the watchdog directed exchanges to restrict trading in shares of 331 companies.
17 Sep 2017 4:21 PM
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
Sebi has asked exchanges to appoint independent auditors to conduct forensic audit of these firms for verification.
14 Sep 2017 2:04 PM
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
Section 248 of the Companies Act provides powers to strike off names of companies on various grounds.
05 Sep 2017 5:53 PM
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
Sebi on August 7 had asked stock exchanges to restrict trading in shares of 331 suspected shell companies.
11 Aug 2017 5:34 PM
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
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
These two companies are among the 331 suspected shell companies identified by the government.
10 Aug 2017 4:27 PM
JKumar Infraprojects said it is not a shell company and suspicion of the regulator is uncalled.
09 Aug 2017 5:25 PM
However, Sebi did not reveal what illegal activities companies may have been engaged in.
08 Aug 2017 3:19 PM