Huge strike on Chinese shell companies, director of Jillian Consultants arrested
SFIO has taken a big action against the shell companies of China operating in India. SFIO arrests director of Jillian Consultants. The director of Jillian Consultants was trying to escape to Nepal via Bihar.
Sep 11, 2022, 19:20 PM IST
More trouble for Partha Chatterjee, 3 companies with his son-in-law under ED scanner
According to IANS, the three companies with Partha Chatterjee`s son-in-law, Kalyanmoy Bhattacharya as Director, are now under the ED scanner.
Jul 29, 2022, 22:12 PM IST
Income Tax raids Chennai-based IT infrastructure group, detects black money Rs 1,000 crore
The I-T search has led to the detection of an unaccounted income of around Rs 1000 crore, out of which, disclosure of additional income of Rs 337 crore has already been made by the assessee.
Nov 07, 2020, 17:30 PM IST
Income Tax Department raids premises of Chinese entities, local contacts in money laundering case
Search action was conducted at various premises of these Chinese entities, their close confederates, and a couple of bank employees in Delhi, Gurugram, and Ghaziabad.
Aug 11, 2020, 22:40 PM IST
Pakistani money in Swiss banks down by one-third to hit record low
The Pakistani money in Swiss banks had fallen by over 20 percent in 2017 (to CHF 1,115 million) and by 6 percent in 2016. Before that in 2015, these funds had risen 16 percent.
Jun 28, 2019, 10:44 AM IST
Shell companies crackdown: MCA to nail several accounts, take stern action
The Serious Fraud Investigation Office has also started probe into a few cases related to these companies.
Mar 13, 2018, 12:24 PM IST
Non-compliance to be 'very costly' for companies: Govt
Continuing the clampdown on illicit fund flows, the Ministry of Corporate Affairs has already struck off more than 2.24 lakh companies that have not been doing business for long and has disqualified over three lakh directors associated with such entities.
Dec 26, 2017, 18:38 PM IST
Over 60,000 shell companies closed down in Maharashtra: Govt
Over 60,000 shell companies have been closed down in Maharashtra so far, industries minister Subhash Desai stated in a written reply in the Maharashtra state assembly.
Dec 13, 2017, 15:52 PM IST
Benami assets: I-T dept scanning profiles of property registered over Rs 30 lakh
The Income Tax Department started initiating actions under the new Benami Transactions (Prohibition) Amendment Act, 2016 from November 1 last year.
Nov 14, 2017, 22:44 PM IST
Demonetisation: Hundreds of shell companies may face criminal action
Last month, the government imposed restrictions on operations of bank accounts of over 2 lakh 'struck-off' companies.
Oct 23, 2017, 07:53 AM IST
Crackdown on shell companies: 4.5 lakh directors may face axe
Union minister P P Chaudhary on Thursday said that the government will examine profiles of all disqualified directors and non-compliant companies which are tarnishing image of good ones
Oct 05, 2017, 11:58 AM IST
MCA disqualifies more than 2 lakh directors of shell companies within 15 days
After the recent crackdown, the total number of directors disqualified by MCA has reached three lakhs.
Oct 03, 2017, 22:35 PM IST
Shell companies clampdown: Sebi for forensic audit of 3 more firms
The regulator is of the view that a detailed examination or audit should be undertaken to unearth the entire extent of violations.
Sep 22, 2017, 16:31 PM IST
Sebi board to take stock of suspected shell cos on Monday
Those under scanner include over 300 listed companies as also hundreds of unlisted entities and individuals, suspected to be misusing the stock exchange platform for tax evasion, among other wrongdoings, a senior official said.
Sep 17, 2017, 14:52 PM IST
Suspected shell cos: Sebi for forensic audit of JMD Ventures
JVL is at least the eighth firm against which the Securities and Exchange Board of India (Sebi) has ordered a forensic audit.
Sep 15, 2017, 18:50 PM IST
Crackdown on shell companies: Tax dept, MCA to share PAN, audit reports
The MCA is in the process of cancelling the registration of 2.09 lakh companies that have not been carrying out business activities for a long period.
Sep 14, 2017, 16:29 PM IST
Auditors come under lens amid crackdown on shell companies
Government said more than 1.06 lakh directors would be disqualified for their association with shell companies.
Sep 13, 2017, 16:05 PM IST
Shell cos crackdown: Govt to disqualify over 1 lakh directors
More than 1.06 lakh directors will be disqualified for their association with shell companies, according to the government, as it steps up the fight against black money.
Sep 12, 2017, 18:31 PM IST
CBI books 19 companies for sending over 400 crore abroad
It is alleged that during the year 2015, unidentified officials of Punjab National Bank (PNB), Mint Street branch, Chennai, entered into a criminal conspiracy with 19 accused companies which were account holders in the branch.
Sep 09, 2017, 19:54 PM IST
Suspected shell firms: Sebi orders forensic audit of Hit Kit
Earlier this week, the Securities and Exchange Board of India (Sebi) had ordered forensic of two other such companies -- Kavit Industries and GV Films, while revoking trading curbs on their shares.
Sep 08, 2017, 19:22 PM IST
