Shell Banned or Shell-Shocked?

The Economic Times - - The Edit Page -

Sebi has no­ti­fied that more than 300 com­pa­nies would now be traded on the stock ex­changes only on the first Mon­day of the month, and with rid­ers, which sends a warn­ing to in­vestors in these com­pa­nies. Shell com­pa­nies are floated to hood­wink not just in­vestors but also banks and tax au­thor­i­ties. The move will help curb cor­po­rate frauds and make our stock ex­changes more at­trac­tive to small in­vestors. The gov­ern­ment should clamp down on these com­pa­nies to re­cover the money de­frauded by them.

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