E-PaperShell Firms News
PNB scam: ED unearths Rs5,000 crore money trail
Funds funnelled through layers of shell firms controlled by Modi, Choksi
2 min read9 Apr 2018Sebi may tell exchanges to raise fees for trading in illiquid stocks
Sebi feels some of these illiquid stocks may be shell firms that could expose small investors to high risks
3 min read20 Mar 2018PNB fraud: 200 shell firms, benami assets under ED, I-T department scanner
ED and I-T department probing the Rs11,400-crore fraud at PNB involving Nirav Modi and his kin Mehul Choksi continued their searches on Sunday under the PMLA
1 min read18 Feb 2018Taxman to get more power in crackdown on shell firms
The income tax department will then be able to prosecute companies that have not filed their tax returns and monitor all financial transactions conducted by NGOs
3 min read7 Feb 2018On govt’s crackdown on shell firms
The Narendra Modi government has been cracking down on shell companies as part of a drive against black money. Among other measures, it has frozen the bank accounts of more than 200,000 companies struck off the records of the Registrar of Companies to prevent their directors from accessing the accounts.
1 min read7 Sep 2017ED searches at 100 places as part of crackdown on shell firms
The Enforcement Directorate on Saturday launched a country-wide operation and conducted searches at 100 locations in 16 states as part of its crackdown on shell companies
1 min read1 Apr 2017Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared