4 lakh shell companies face de-registration over non-filing of I-T returns: Report
Notices were being sent out to over four lakh companies, which have failed to file returns for 2013-14 and 2014-15 starting last month.
Apr 18, 2017, 09:54 AM IST
Shell firms case: CBI books Axis Bank officials for Rs 100.57 crore deposits
The CBI on Friday carried out searches at 16 locations in Ahmedabad after booking 12 people, including Axis bank employees, for alleged illegal cash deposits of around Rs 100 crore post demonetisation.
Apr 07, 2017, 21:04 PM IST
Tax evasion of more than Rs 1.37 lakh cr detected in last 3 years
The Revenue Department on Friday said it has detected evasion of more than Rs 1.37 lakh crore in both direct and indirect taxes and identified over 1,000 shell companies which indulged in bogus transactions worth Rs 13,300 crore in the last three financial years.
Apr 07, 2017, 13:13 PM IST
In country-wide crackdown, ED arrests two, attaches Rs 100 crore properties
Continuing its crackdown on shell companies and money laundering, the Enforcement Directorate (ED) on Tuesday arrested two people and attached properties worth over Rs 100 crore in multiple locations across the country.
Apr 04, 2017, 21:07 PM IST
Shell companies crackdown: ED arrests two people
The Enforcement Directorate has arrested two persons in connection with its crackdown on 500 shell companies suspected to be generating huge amounts of black money.
Apr 04, 2017, 12:13 PM IST
Shell firms: ED searches at 100 places in 16 states
The Enforcement Directorate (ED) today launched a country-wide operation and conducted searches at 100 locations in sixteen states as part of its crackdown on shell companies.
Apr 01, 2017, 13:13 PM IST
Probe whether shell companies involved in Mallya's mansion: JD-U
Vijay Mallya's USD 20 million 'sky mansion' in Bengaluru on Wednesday found mention in the Rajya Sabha, as a demand was made for a probe into whether shell companies were involved in funding it.
Mar 22, 2017, 12:54 PM IST
Shell companies under our radar: CBDT chief
The Central Board of Direct Taxes (CBDT) is examining several dubious companies and they would be removed from the website of Ministry of Corporate Affairs (MCA) if found to be shell firms.
Mar 04, 2017, 12:48 PM IST
Black money: Govt may shut down 7 lakh shell companies
Shell companies are characterised by nominal paid-up capital, high reserves and surplus on account of receipt of high share premium.
Feb 28, 2017, 12:25 PM IST
Revealed! Complete list of Panama Papers of Mossack Fonseca
The complete database of the Panama Papers was released on Monday by the International Consortium of Investigative Journalists.
May 10, 2016, 00:40 AM IST
SIT on black money for greater vigilance to check shell companies
The total number of firms sharing their address with at least 19 other companies are 13,581, the SIT report said.
Nov 03, 2015, 15:55 PM IST
IMF faults US for inaction over shell companies
The International Monetary Fund said Tuesday that the United States was moving too slowly to prevent the use of shell and front companies to hide ownership.
Jul 08, 2015, 00:56 AM IST
