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Corporate affairs ministry likely to tighten LLP's laws

Corporate affairs ministry likely to tighten LLP's laws

Thu, Aug 01, 2019

Corporate affairs ministry likely to tighten LLP's laws. Watch video to know more

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Black Money: 2.25 lakh companies to be struck-off by FY19, all details here

Black Money: 2.25 lakh companies to be struck-off by FY19, all details here

Sat, Jun 09, 2018

As many as 3,09,619 directors were also disqualified u/s.164(2)(a) read with Section 167(1) of the Companies Act, 2013 for non-filing of Financial Statements or Annual Returns for a continuous period of immediately preceding 3 financial years (2013-14, 2014-15 & 2015-16).

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PNB fraud: 200 shell firms, benami assets under ED, I-T dept scanner

PNB fraud: 200 shell firms, benami assets under ED, I-T dept scanner

Sun, Feb 18, 2018

It is suspected that the shell firms were being used by the accused to launder money and create “benami” assets in the form of land, gold and precious stones, which is now being probed by the tax department. 

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Disqualified directors of shell companies may soon get relief

Disqualified directors of shell companies may soon get relief

Wed, Dec 20, 2017

The government had struck off a total of 2,24,000 companies, thereby disqualifying about 3,09,000 directors.

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Sebi picks 12 companies for forensic audit, other suspected firms get clean chit

Sebi picks 12 companies for forensic audit, other suspected firms get clean chit

Fri, Dec 08, 2017

As many as 12 companies got relief from the Securities Appellate Tribunal (SAT), which then sought details about 36 firms to verify credentials and fundamentals.

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Shell Companies: SFIO to probe 18 cos for suspicious transactions post note ban

Shell Companies: SFIO to probe 18 cos for suspicious transactions post note ban

Sun, Dec 03, 2017

After striking off names of around 2.24 lakh companies from the official records for being inactive for long and disqualifying more than 3 lakh directors, the corporate affairs ministry is carrying out data mining to gather more details.

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Shell companies under IT scanner; involvement in Benami transactions suspected

Shell companies under IT scanner; involvement in Benami transactions suspected

Wed, Nov 15, 2017

Banks started scanning all the account details of directors who were disqualified by the Ministry of Corporate Affairs as part of alleged shell companies.

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35,000 suspected shell companies deposited, withdrew Rs 17,000 crore post demonetisation

35,000 suspected shell companies deposited, withdrew Rs 17,000 crore post demonetisation

Mon, Nov 06, 2017

Banks started scanning last week all the account details of directors who were disqualified by the ministry of corporate affairs as part of alleged shell companies. 

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Paradise Papers: All you need to know about ICIJ's major revelations

Paradise Papers: All you need to know about ICIJ's major revelations

Mon, Nov 06, 2017

'The leaked documents, dubbed the Paradise Papers, show how deeply the offshore financial system is entangled with the overlapping worlds of political players, private wealth and corporate giants.'

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Rs 4500 crore deposited, withdrawn from suspected shell companies' accounts, Govt says

Rs 4500 crore deposited, withdrawn from suspected shell companies' accounts, Govt says

Fri, Oct 06, 2017

Banks started scanning last week all the account details of directors who were disqualified by the ministry of corporate affairs as part of alleged shell companies. 

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Banks begin searching for accounts of shell companies' directors

Banks begin searching for accounts of shell companies' directors

Tue, Sep 26, 2017

A Shell company is an entity without any active business operations or significant assets. In India it has presently stolen limelight as it has become a cause of concern in regards to black money. ​

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Up to 10-year jail for siphoning shell firms' money: Centre

Up to 10-year jail for siphoning shell firms' money: Centre

Thu, Sep 07, 2017

"It has been decided that in case director/authorised signatory of any struck-off company tries to unauthorisedly siphon off money from its bank account, he/she may attract imprisonment of not less than six months and extendable to 10 years," a Finance Ministry statement here said.

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India aims at shell companies to get rid of black money

India aims at shell companies to get rid of black money

Wed, Sep 06, 2017

A Shell company is an entity without any active business operations or significant assets. In India it has presently stolen limelight as it has become a cause of concern in regards to black money. 

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Sensex, Nifty register gains for the week, rise 71 points

Sensex, Nifty register gains for the week, rise 71 points

Sat, Aug 26, 2017

The market also perturbed by the BSE moving ahead to compulsorily delist 200 firms and bar their promoters as the these shares has remained suspended for over a decade.

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200 LLPs under govt scanner, what does it mean?

200 LLPs under govt scanner, what does it mean?

Wed, Aug 16, 2017

Sending out a strong message to shell companies, the government decided to deregister 200 Limited Liability Partnership (LLPs).

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Inactive LLPs face heat; nearly 200 face deregistration

Inactive LLPs face heat; nearly 200 face deregistration

Tue, Aug 15, 2017

Nearly 200 LLPs that have been inactive for at least two straight financial years have come under the scanner of the ministry, as per communications sent out by it in the last two months.

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Independence Day: From black money to note-ban, 10 things PM Modi said today

Independence Day: From black money to note-ban, 10 things PM Modi said today

Tue, Aug 15, 2017

In fourth speech as Prime Minister of the country, Narendra Modi spoke about demonetisation drive and continuous effort to fight with black money.

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Sebi's scanning of "shell companies" creates problems for investors, banks

Sebi's scanning of "shell companies" creates problems for investors, banks

Mon, Aug 14, 2017

Market watchdog identified 331 listed firms as suspected shell companies. Various measures are taken by the regulator in tackling the black money. 

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Sensex, Nifty down nearly 1%; Tata Motors touches 15-month low

Sensex, Nifty down nearly 1%; Tata Motors touches 15-month low

Fri, Aug 11, 2017

The 31-scrip index was trading at 31,230.90 down 300 points or 0.95%, while the 51-scrip index was trading at 9,726.10 down by 95 points or 0.96%

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Companies challenge Sebi over “shell” allegation

Companies challenge Sebi over “shell” allegation

Thu, Aug 10, 2017

Companies have denied the shell allegation imposed by the Sebi on August 07, 2017. A list of 331 companies have been suspected as shell companies. 

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