Latest News on Shell Companies
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Shell Companies - Total results - 66
Oct 03, 2019
Strict punishment in offing for 3.38 lakh shell company owners: Centre to deploy DRI, FIU, CBDT, CBI for probe; ED to verify how funds are managed, launderedSo far, 3.38 lakh shell companies has been identified and de-registered by the Ministry of Corporate Affairs. A maximum of 75,000 companies in Delhi, 73,000 in Mumbai, 46,000 in Andhra Pradesh and Telangana together, and 16,000 in Kolkata were identified as shell entities which were used for tax evasion, obscuring real ownership, money laundering and purchase of benami properties.
May 28, 2019
Shell companies list: SAT quashes BSE's order against SVC Industries, says 'it cannot be sustained'In August 2017, SVC Industries had filed an application to the BSE, requesting it to remove the firm from suspected shell companies list and also from GSM Stage VI.
Mar 29, 2019
Election Commission warning on electoral bonds: Opaqueness defeats idea of clean money in political fundingElectoral bonds scheme, which came into effect in January 2018, had clocked in over Rs 600 crore political funding by October 2018.
Mar 06, 2019
DHFL shares spurt 11% after auditor report says no fund diversion to shell companiesShares of Dewan Housing Finance Corporation Ltd (DHFL) zoomed 11 percent on Wednesday after a report by a chartered accountancy firm said there are no indications to confirm allegations that the company has created shell companies to divert funds
Dec 07, 2018
Deregistered companies decline to claim Rs 37,500 cr: Revelation is first tangible outcome of demonetisationThe Narendra Modi government functionaries and its sympathisers have been taking enormous pains from the date of demonetisation of high-value notes of Rs 500 and Rs 100 to underscore the point that the fruits of demonetisation would be available in the medium to long-term
Dec 03, 2018
Transfer of physical shares not possible from 5 December, only demat form allowed; all you need to knowPost-Tuesday, you won’t be able to transfer shares of listed companies if they are held in physical form.
Nov 08, 2018
Hard lessons from demonetisation: Try a long-term way to combat black money, avoid Bollywood-style hold-upsOne thing that can indeed be said with certainty is that the effort by Prime Minister Narendra Modi in November 2016 was a gamble.
Oct 30, 2018
SEBI asks suspected shell companies to cooperate in forensic audits, warns of stringent trading curbsArray
Sep 11, 2018
Unlisted public companies have to compulsorily issue new shares in demat form beginning 2 October: GovtThe step has been taken for "further enhancing transparency, investor protection and governance in the corporate sector," the Corporate Affairs Ministry said
Aug 03, 2018
Shell companies clampdown: Sebi says trading restrictions to continue against Pacific Finstock, promoters and directorsThe regulator said that the firm also failed to give any reason as to why the errors did not come to its notice till the time Sebi highlighted the same.