Shell Companies

Study on Shell, Shelf and Front Companies

In the past few years, the financial world witnessed numerous paper leaks such as Panama Papers, Paradise Papers, Swiss Leaks, etc. These leaks underlined the significance of the Shell...

Defining the Shell Companies in India

In the world of finance and business, the term "shell companies" often surfaces, raising eyebrows and igniting curiosity. What exactly is a shell company?...

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...

SEBI orders forensic audit of JMD Ventures Ltd

Regulator Sebi has ordered a forensic audit of JMD Ventures Ltd (JVL), which figures among 331 ‘suspected shell companies’, after finding prima facie evidence...

Stock Market Regulator of India orders Forensic Audit of Shell Companies

India's Stock Markets regulator, Securities Exchange Board of India (SEBI) has ordered forensic audit of three firms Mumbai Based Trinity Tradelink, Chennai based Info–Drive...

SEBI orders forensic audit of Shell Companies

Forensic Auditor is a professional who successfully clears the uniform examination conducted by Indiaforensic for the course of Certified Forensic Accounting Professional

40% SEBI Banned Shell Companies are traced in Kolkata

In August 2017, SEBI took a significant step. The Indian securities regulator made certain decisions that affected a specific type of company known as...

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...

Textile firms in Money Laundering

The Directorate of Revenue Intelligence (DRI) is learnt to have unearthed a fraud involving at least half a dozen textile exporters who allegedly laundered...

Professional CAs are acting as Shell Company operators

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

UCO Bank Money Laundering Case

Indo Iran Scam was at the root of the UCO Bank Money Laundering case. Enforcement Directorate (ED) has found that nine foreign nationals -...