Business Standard

ANOTHER 1,500 ‘SHELL FIRMS’ UNDER SCANNER

- VEENA MANI

The Centre is trying to weed out more shell companies after cracking down on more than 200,000 such entities in the first phase. In the second phase, it has found 1,505 companies with attributes of dabba or shell companies. Sources in the Ministry of Corporate Affairs said various Registrars of Companies (ROCs) had been asked to investigat­e these entities. Action against these firms will be taken once all the RoCs submit their reports to the ministry. reports

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