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Tax authorities raids Chinese entities for money laundering. (PTI Photo)

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

19 July 2022 4:31 AM IST

Prime Minister Narendra Modi on Sunday addressed the nation in the 34th episode of the monthly Mann Ki Baat programme. (Photo: PTI)

Modi govt beefs up surveillance on shell firms in war against 'black...

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 IST

Sebi is market regulator.

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 IST

Finance Minister Arun Jaitley speaks in the Rajya Sabha in New Delhi. (Photo: AP)

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...

11 Aug 2017 2:42 PM IST

Use of the countrys lese-majeste law has surged under the royalist junta that took power in a 2014 coup detat, with more than 100 people charged since the coup, according to legal monitoring group iLaw. (Photo: Representational/File)

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 IST

Use of the countrys lese-majeste law has surged under the royalist junta that took power in a 2014 coup detat, with more than 100 people charged since the coup, according to legal monitoring group iLaw. (Photo: Representational/File)

SAT stays trading curb on suspected shell cos JPrakash, Prakash...

These two companies are among the 331 suspected shell companies identified by the government.

10 Aug 2017 4:27 PM IST

SEBI has mandated SBI Capital Markets (SBI Caps) and HDFC Realty for auctioning a total of 61 land parcels.

JKumar, Parsvnath move SAT against shell company tag

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

9 Aug 2017 5:25 PM IST

Sebi is market regulator.

SEBI imposes trading curbs on suspected shell cos

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

8 Aug 2017 3:19 PM IST

Representational Image

CBI probes 393 shell companies for diverting funds

CBI sources said the shell companies were used to divert loan funds meant for specified purposes.

7 May 2017 1:49 PM IST

Prime Minister Narendra Modi (Photo: PTI)

Modi claims registration of 1 lakh firms cancelled, calls it fight for...

The decision was taken based on an extensive data analysis conducted by the government post demonetisation.

3 July 2017 9:35 AM IST

Tax payers will also need to quote their Aadhaar number while filing their returns as per the recently passed amendments in the Finance Bill.

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 July 2017 4:03 PM IST

CBDT Chairman Sushil Chandra

Tax officers to file prosecution cases against Shell

CBDT Chairman Sushil Chandra has called for fast track prosecution proceedings in cases.

12 March 2017 6:27 PM IST