Shell Companies

Election Commission warning on electoral bonds: Opaqueness defeats idea of clean money in political funding

Electoral bonds scheme, which came into effect in January 2018, had clocked in over Rs 600 crore political funding by October 2018.

DHFL shares spurt 11% after auditor report says no fund diversion to shell companies

Shares 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

Deregistered companies decline to claim Rs 37,500 cr: Revelation is first tangible outcome of demonetisation

The 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

Transfer of physical shares not possible from 5 December, only demat form allowed; all you need to know

Post-Tuesday, you won’t be able to transfer shares of listed companies if they are held in physical form.

Hard lessons from demonetisation: Try a long-term way to combat black money, avoid Bollywood-style hold-ups

One thing that can indeed be said with certainty is that the effort by Prime Minister Narendra Modi in November 2016 was a gamble.

SEBI asks suspected shell companies to cooperate in forensic audits, warns of stringent trading curbs

Unlisted public companies have to compulsorily issue new shares in demat form beginning 2 October: Govt

The step has been taken for "further enhancing transparency, investor protection and governance in the corporate sector," the Corporate Affairs Ministry said

Shell companies clampdown: Sebi says trading restrictions to continue against Pacific Finstock, promoters and directors

The 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.

Sebi bans Pincon Group firm, its directors from markets for illegally raising money

Pincon Spirit figured among the firms against whom Sebi initiated action last year by ordering trading restrictions after receiving the list of 331 'suspected shell companies' from the government.

BSE to delist over 200 companies that have remained suspended for more than six months

Under the compulsory delisting regulations, the delisted company, its whole-time directors, promoters and group firm would be debarred from accessing the securities market for ten years