18 More Shell companies on SFIO Radar

In an interesting development, the Ministry of Company Affairs which governs the registrations of the companies in India identified 18 more companies which are required to be...

How did Indian Government Zeroed on only 6000 companies as Shell

Shell Companies is a Buzz word in the Indian compliance professionals. There is significant activity in the Indian Corporate world. The Revenue authorities have followed an interesting...

Movers and Shakers of SEBI Banned Shell Company List

Securities Exchange Board of India, the stock market regulator penalised 331 listed companies by imposing restrictions on trading. Some companies which SEBI named in this list were...

Regulatory Actions against the Shell Companies in India

Indian Securities Regulator, SEBI also known as Securities Exchange Board of India has imposed trading restrictions on 331 listed entities which it identified as shell companies. A surprise move that was...

Professional CAs are acting as Shell Company operators

In the month of March'2017, there was a news that almost 54 Chartered Accountants have come under the radar of the Income Tax department and the Enforcement...

The deep roots of shell companies in India

Problem of Shell companies is widespread.Identifying these companies have became a challenge for the enforcement and investigative agencies as they are used in the wider money laundering...

Defining the Shell Companies in India

The purpose of this article is Defining Shell Companies in Indian parlance. Though there have been significant actions taken on the Indian companies by their regulators, tax authorities...