shell companies

ED conducts raids on illegal mining and shell companies at 18 locations nationwide 

The Enforcement Directorate on Friday conducted raids at several locations related to illegal mining and shell companies in Jharkhand.

published on : 6th May 2022

 HC seeks report from Registrar of Companies over shell companies of CM Hemant Soren, others

According to the PIL filed by an RTI activist,  CM Soren and his brother Basant Soren invested black money through businessmenn 28 small companies to get them converted into white money.

published on : 23rd April 2022

Day 2 of I-T raids on VK Sasikala's family, associates and businesses underway

uOn Thursday, a team of around 1,800 IT officials knocked at the doors of 187 premises-residences, offices and farm houses -- to carry out one of their biggest searches on Sasikala's family.

published on : 10th November 2017

Operation Clean Money Drive: I-T department raids in Tamil Nadu target aides of Dhinakaran, Sasikala

Income Tax officials raided 187 places belonging to the close aides and relatives of AIADMK rebel faction's TTV Dhinakaran and Sasikala, including the office of Tamil channel Jaya TV in Chennai.

published on : 9th November 2017

I-T raids on Jaya TV | It's a plot to bar Sasikala from politics, claims TTV Dhinakaran; documents seized from old channel office

IT sources said the raids are being conducted in almost 200 places connected to jailed AIADMK leader VK Sasikala and her extended family spread across various cities and states.

published on : 9th November 2017

Multi-agency group on Panama leak to probe Paradise Papers; SEBI to investigate firms on list

The vast leak of financial papers has details on 180 countries, India ranks 19th in terms of the number of names.

published on : 6th November 2017

Sebi conducts massive crackdown on 331 suspected shell firms

Sebi fired a bullet between the eyes of 331 listed entities suspected to be shell companies, on Monday.

published on : 9th August 2017

Companies petition stock exchanges against Sebi's 'shell firm' tag

Several companies today petitioned the stock exchanges against being tagged as 'suspected shell companies', a day after regulator Sebi asked the bourses to restrict trading in shares.

published on : 9th August 2017

Big names figure among shell firm list; Companies deny tag by Sebi

Parsvnath Developers, SQS India, J Kumar Infra and Prakash Industries figure among 331 "suspected shell companies", referred to market regulator Sebi by the government for tax evasion and other frauds

published on : 9th August 2017

SEBI imposes trading curbs on suspected shell companies

The restrictions include limiting trading in the affected companies to once a month and curbs in the trading of shares held by the promoters and directors of the companies.

published on : 8th August 2017

Enforcement Directorate raids unearth 700 shell companies operating from one address in Mumbai

ED officials who carried out inspections of 30-35 places in Mumbai reportedly recovered sensitive documents from the office of one Jagdish Prasad Purohit in Andheri.

published on : 1st April 2017

Enforcement Directorate raids shell firms nationwide

Nationwide searches are being conducted under the Foreign Exchange Management Act (FEMA) and Prevention of Money Laundering Act (PMLA) in 16 states. 

published on : 1st April 2017