Black money crackdown: Directors of deregistered companies to face up to 10-year jail for siphoning off funds
It was also decided that the directors of shell companies which have not filed returns for three or more years would be disqualified from holding such position in any other firm.
Sep 06, 2017, 20:06 PM IST
Black money crackdown: Disqualified directors barred from submitting documents to MCA
Applications and documents filed by disqualified directors of companies to the Ministry of Corporate Affairs will be "summarily rejected", according to a communication.
Sep 06, 2017, 18:53 PM IST
Crackdown on black money: Over 2 lakh companies deregistered; bank accounts frozen, says government
The statement further said that banks have been asked to employ 'enhanced diligence while dealing with companies' and keep a watch on companies which are defaulting in filing financial statements or annual returns.
Sep 05, 2017, 17:20 PM IST
Exclusive: In Delhi, 800 firms registered at 2 vacant addresses
Over 800 firms are registered at two addresses in based out of Delhi, revealed a recent investigation carried out by Zee News Media. Out of the 800, more than 50 per cent firms are related to two big corporate houses engaged in real estate, power and finance - and are now under the scanner of the Income Tax Department.
Aug 31, 2017, 11:57 AM IST
'Shell companies linked to Satyendar Jain raised money to buy land'
According to the Central Bureau of Investigation (CBI), the land was bought in three Delhi villages namely Auchandi, Karala and Mohammad Mazvi during 2010-2016.
Aug 26, 2017, 19:10 PM IST
BSE to 'compulsorily' delist 200 firms on August 23
The move also comes at a time when authorities are clamping down on shell companies -- listed as well as unlisted -- for allegedly being used as conduits for illicit fund flows.
Aug 21, 2017, 18:31 PM IST
Crackdown on shell companies: Sebi to take stock next month
As a multi-agency probe continues to check the black money menace, regulator Sebi will update its board next month on actions being taken against suspected shell companies -- listed as well as unlisted ones -- abetting alleged routing of illicit funds through stock markets.
Aug 17, 2017, 19:14 PM IST
Rs 1.75 lakh crore under scrutiny post note ban: PM Modi
Vowing to continue the crackdown on black money, Prime Minister Narendra Modi on Tuesday said that over Rs 1.75 lakh crore deposited in banks post note-ban and more than 18 lakh people with disproportionate income are under government scrutiny.
Aug 15, 2017, 10:32 AM IST
Bollywood, builders & brokers: More 'shell-shocks' in store
While several small brokers are already in the list of 'suspected shell firms', their links to bigger brokerage groups are being probed by
Aug 13, 2017, 14:37 PM IST
Govt taking expeditious action against shell companies: Jaitley
On August 7, Sebi had asked the stock exchanges to take action against 331 suspected shell companies which were referred to it by the corporate affairs ministry.
Aug 11, 2017, 14:55 PM IST
Only 48 out of 331 suspected shell cos listed on NSE
The National Stock Exchange on Wednesday said it has started collecting information about the 48 firms, that are listed on its platform, out of the 331 suspected shell companies referred by markets regulator Sebi.
Aug 09, 2017, 23:22 PM IST
SEBI: Trading restrictions on 331 suspected shell companies
This is a special segment of Zee Business brings to you latest views after The Reserve Bank of India’s (RBI) made a 25 basis point reduction in benchmark interest rates that fell short of capital m
Aug 09, 2017, 17:37 PM IST
Sebi crackdown on shell companies: J Kumar Infra, Parsvnath move SAT against market regulator's order
J Kumar Infraprojects, Parsvnath, and others have moved SAT against Sebi terming them as 'shell companies'.
Aug 09, 2017, 16:47 PM IST
Sensex sinks 260 points, Nifty dips below 10K-mark as Sebi order spooks markets
The NSE Nifty dipped below the key 10,000-mark to close 78.55 points, or 0.78 percent down at 9,978.55 after shuttling between 10,083.80 and 9,947.
Aug 08, 2017, 17:56 PM IST
IT dept to share vital data with MCA to nail down shell companies
The tax authorities will now relay audit reports of corporates and specific information from their I-T returns as also PAN data to the ministry of corporate affairs, as the government plans to crack down harder on shell companies.
Jul 27, 2017, 15:10 PM IST
Demonetisation, GST to widen tax base, make cash dealing difficult: FM
Arun Jaitley has said demonetisation and GST will make cash transactions a lot more difficult and lead to greater compliance as well as expansion of tax base.
Jul 22, 2017, 13:22 PM IST
Day of reckoning has come: FM Jaitley on raids on Chidambaram, Lalu
Finance Minister Arun Jaitley on Tuesday defended searches at the homes of his predecessor P Chidambaram and his son as also RJD chief Lalu Prasad, saying the day of reckoning has come for many and they will be held accountable for their misdeeds.
May 16, 2017, 20:20 PM IST
Money laundering: 8-9 lakh registered companies not filing returns, says Adhia
As many as 8-9 lakh registered companies are not filing annual returns with the Ministry of Corporate Affairs (MCA) and are a potential source of money laundering, Revenue Secretary Hasmukh Adhia said on Saturday.
Apr 29, 2017, 11:07 AM IST
As Mallya's custody sought, India's extradition success rate is 36%
Mallya was arrested by the Scotland Yard -- and released on bail -- on April 18, 2017, in connection with an extradition request filed by India on February 8, 2017.
Apr 25, 2017, 15:51 PM IST
Vijay Mallya laundered money to companies in UK: Enforcement Directorate
Enforcement Directorate (ED) is in possession of documents which claim that the beleaguered liquor baron Vijay Mallya laundered money from banks in India to 'British companies' situated in the UK.
Apr 22, 2017, 10:23 AM IST
