Government identified 2,38,223 companies as shell companies between 2018-2021

Last updated: 28 July 2021

There is no definition of the term Shell Company in the Companies Act and it normally refers to a company without active business operation or significant assets, which in some cases are used for illegal purpose such as tax evasion, money laundering, obscuring ownership, Benami properties etc. This

You have reached daily limit of 2 Free News. To view this or other News please subscribe to CCI PRO :

GST Plus

Stay updated! Stay ads free

Browse CAclubindia ads free.
Latest updates on WA.
Daily E-Newsletter and much more.

CCI PRO annual subscription :

Original Price : INR 2999/-

Offer Price : INR 1999/-

Duration : 1 year
(Prices Inclusive of GST)


Know More

Note: If you are a PRO member already, please click here to login (for ad free experience)

CCI Pro

Category Corporate Law   Report

Comment   Share
  3018 Views
Comments

Recent News :

  1. GST Portal Major Update: 'Additional Notices' Merged with Notices & Orders
  2. Buyback of Shares to Be Taxed as Capital Gains from FY 2026-27
  3. Income Tax Changes in Provident Funds: Schedule XI Rationalised from 1st April 2026
  4. Capital Gains Exemption on Sovereign Gold Bonds Tightened from AY 2026-27
  5. Interest Deduction on Dividend Income to Be Disallowed Under IT Act 2025 from April 2026
  6. Belated Return Filing Now Allowed for Registered NPOs from AY 2026-27
  7. Section 536 Amendment: Past Deductions to Be Treated as Income from AY 2026-27
  8. TDS/TCS Guidelines to Become Binding on Tax Authorities and Deductors from April 2026
  9. Penalty of Rs 200 per day for Non-Reporting of Crypto Transactions From April 2026
  10. Clarification on 60-Day Limit for TPO Orders to Reduce Litigation

More »


Popular News




CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Trending Online Classes

view all classess

Follow us

budget 26-27

Browse by Category