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...
Shell Companies
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?...
Shell Companies
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...
Shell Companies
How did Indian Government Zeroed on only 6000 companies as Shell
Shell Companies is a Buzz word in Indian compliance professionals. There is significant activity in the Indian Corporate world. The Revenue authorities have followed...
Shell Companies
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...
Shell Companies
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...
Shell Companies
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
Shell Companies
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...
Shell Companies
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...
Money Laundering
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...
Intelligence
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...