Government Crackdown On Shell Companies
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Crackdown On Shell Companies Has Unearthed $1 Billion Cash, Says Minister
- Tuesday October 24, 2017
- Business | Shruti Srivastava, Bloomberg
The ministry is probing deposits of over $1 billion made by around 20,000 companies during the cash ban last year, while its Serious Fraud Investigation Office is investigating 1,505 companies for allegedly violating the Companies Act.
- www.ndtv.com/business
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Crackdown On Shell Firms Reveals Vast Money-Laundering After Notes Ban
- Friday October 6, 2017
- India News | Reported by Akhilesh Sharma, Edited by Arun Nair
Among the top offenders of companies whose bank accounts were blocked last month by the government for illegal transactions and tax evasion was one that had more than 2,000 bank accounts, making it tough for tax officials to track transactions.
- www.ndtv.com
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4.5 Lakh Directors To Be Fired As Government Cracks Down On Shell Companies
- Thursday October 5, 2017
- India News | Press Trust of India
As many as 4.5 lakh directors may face disqualification for their association with shell companies, Union minister PP Chaudhary said today as the government steps up its fight against the black money menace.
- www.ndtv.com
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Crack Down On Shell Companies: Government To Watch PAN, Audit Reports
- Thursday September 14, 2017
- Business | Press Trust of India
Under a new pact, tax authorities will now relay audit reports of corporates and information from their I-T returns along with PAN data to the ministry of corporate affairs.
- www.ndtv.com/business
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Shell Companies Crackdown: Government To Disqualify Over 1 Lakh Directors
- Tuesday September 12, 2017
- Business | Press Trust of India
The latest move comes close on the heels of the corporate affairs ministry cancelling the registration of 2.09 lakh companies that have not been carrying out business activities for a long period.
- www.ndtv.com/business
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Government Freezes 2 Lakh Bank Accounts Of Suspected Shell Companies
- Tuesday September 5, 2017
- India News | Reuters
The bank accounts of 209,032 suspected shell companies have been frozen as part of a crackdown on illegal transactions and tax evasion, the Finance Ministry said on Tuesday
- www.ndtv.com
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2.09 Lakh Companies Deregistered; Directors Face Action: Government
- Tuesday September 5, 2017
- Business | Press Trust of India
Continuing its crackdown on shell companies which are allegedly used as conduits for illicit fund flows and tax evasion, the government said the directors of deregistered firms would not be able to operate the bank accounts till these entities are legally restored.
- www.ndtv.com/business
-
Taxman To Share Vital Data With Government To Nail Down Shell Companies
- Thursday July 27, 2017
- Business | Press Trust of India
Out of the 1,62,618 companies that have been struck-off the register, the registration of 33,000 were cancelled by RoC (Mumbai).
- www.ndtv.com/business
-
As GST Takes Off, PM Modi Presents Stats Of Crackdown On Black Money
- Sunday July 2, 2017
- India News | Reported by Sandeep Phukan, Edited by Aloke Tikku
On a day after India's biggest tax reform came into force, Prime Minister Narendra Modi on Saturday vowed to continue the crackdown on black money and announced that the government cancelled registration of one lakh firms over the last 48 hours and was probing 37,000 shell companies on suspicions of funneling black money.
- www.ndtv.com
-
Crackdown On Shell Companies Has Unearthed $1 Billion Cash, Says Minister
- Tuesday October 24, 2017
- Business | Shruti Srivastava, Bloomberg
The ministry is probing deposits of over $1 billion made by around 20,000 companies during the cash ban last year, while its Serious Fraud Investigation Office is investigating 1,505 companies for allegedly violating the Companies Act.
- www.ndtv.com/business
-
Crackdown On Shell Firms Reveals Vast Money-Laundering After Notes Ban
- Friday October 6, 2017
- India News | Reported by Akhilesh Sharma, Edited by Arun Nair
Among the top offenders of companies whose bank accounts were blocked last month by the government for illegal transactions and tax evasion was one that had more than 2,000 bank accounts, making it tough for tax officials to track transactions.
- www.ndtv.com
-
4.5 Lakh Directors To Be Fired As Government Cracks Down On Shell Companies
- Thursday October 5, 2017
- India News | Press Trust of India
As many as 4.5 lakh directors may face disqualification for their association with shell companies, Union minister PP Chaudhary said today as the government steps up its fight against the black money menace.
- www.ndtv.com
-
Crack Down On Shell Companies: Government To Watch PAN, Audit Reports
- Thursday September 14, 2017
- Business | Press Trust of India
Under a new pact, tax authorities will now relay audit reports of corporates and information from their I-T returns along with PAN data to the ministry of corporate affairs.
- www.ndtv.com/business
-
Shell Companies Crackdown: Government To Disqualify Over 1 Lakh Directors
- Tuesday September 12, 2017
- Business | Press Trust of India
The latest move comes close on the heels of the corporate affairs ministry cancelling the registration of 2.09 lakh companies that have not been carrying out business activities for a long period.
- www.ndtv.com/business
-
Government Freezes 2 Lakh Bank Accounts Of Suspected Shell Companies
- Tuesday September 5, 2017
- India News | Reuters
The bank accounts of 209,032 suspected shell companies have been frozen as part of a crackdown on illegal transactions and tax evasion, the Finance Ministry said on Tuesday
- www.ndtv.com
-
2.09 Lakh Companies Deregistered; Directors Face Action: Government
- Tuesday September 5, 2017
- Business | Press Trust of India
Continuing its crackdown on shell companies which are allegedly used as conduits for illicit fund flows and tax evasion, the government said the directors of deregistered firms would not be able to operate the bank accounts till these entities are legally restored.
- www.ndtv.com/business
-
Taxman To Share Vital Data With Government To Nail Down Shell Companies
- Thursday July 27, 2017
- Business | Press Trust of India
Out of the 1,62,618 companies that have been struck-off the register, the registration of 33,000 were cancelled by RoC (Mumbai).
- www.ndtv.com/business
-
As GST Takes Off, PM Modi Presents Stats Of Crackdown On Black Money
- Sunday July 2, 2017
- India News | Reported by Sandeep Phukan, Edited by Aloke Tikku
On a day after India's biggest tax reform came into force, Prime Minister Narendra Modi on Saturday vowed to continue the crackdown on black money and announced that the government cancelled registration of one lakh firms over the last 48 hours and was probing 37,000 shell companies on suspicions of funneling black money.
- www.ndtv.com