Forensic Audits ordered for 3 more companies
Regulator Securities and Exchange Board of India (SEBI) has ordered an audit of three more firms
Mumbai Based Indian Infotech and Software, which was also known as Indian Leasers Limited
Kolkata...
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 of misuse of the firm’s funds.
JMD Ventures...
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 Software which was also known as Info...
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
Indian Securities regulator imposed restrictions on 331 shell companies, out of which more than 40% are registered in Kolkata alone.
Why Kolkata ?
Kolkata is a popular destination of the Shell companies because...
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 shockers
Prakash Industries
Parsvnath...
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 declared by the regulators...
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 at least Rs 200 crore in the...
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 the Enforcement Directorate over money laundering through...
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 - mostly from Iran and Azerbaijan - entered...
