Market regulator Securities and Exchange Board of India (Sebi) is tightening the noose around the necks of the 331 suspected shell companies it has identified - but while we are waiting for their investigation to yield results, CNBC-TV18's Kevin Lee and Utkarsh Chaturvedi paid a visit to the registered offices of five of these companies in Mumbai.
The first report was of an IT company (Shyama Infosys) with lakh of rupees in revenues but no registered office space.
The second report from the series was of a real estate company (Sikozy Realtors) with no visible projects but with a public shareholding of over 99 percent.
Watch accompanying video for third report from that series - Allied Computers International (Asia).
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
