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46 Results Found
  • Fresh Row: What is India’s GDP and how is it calculated? May 09, 2019 03:28 PM IST

    Fresh Row: What is India’s GDP and how is it calculated?

    An NSSO survey has found many companies as untraceable, triggering a debate whether India has been overestimating its GDP levels and growth

  • One in three companies in India found defunct; struck off official records Jan 08, 2019 04:29 PM IST

    One in three companies in India found defunct; struck off official records

    As of November 30, the Ministry of Corporate Affairs (MCA) has deregistered 6.07 lakh from its records as part of a plan to crack down on shell or paper companies

  • Two out of five registered companies inactive in India Nov 28, 2018 01:45 PM IST

    Two out of five registered companies inactive in India

    As on October 31, 2018, there were 18.10 lakh registered companies in India, of which 11.16 lakh were active

  • One third of registered companies found defunct, struck off official records Oct 17, 2018 04:21 PM IST

    One third of registered companies found defunct, struck off official records

    The corporate affairs ministry is also examining companies’ data to see if they are involved in tax evasion or money laundering

  • Govt may weed out another 100,000 shell companies Sep 10, 2018 12:13 PM IST

    Govt may weed out another 100,000 shell companies

    The Ministry of Corporate Affairs sent show cause notices to 2,25,000 companies during the first phase of its crackdown on shell companies

  • Crackdown on shell cos: India Inc may soon have to geo-tag their offices to prove authenticity Sep 10, 2018 10:32 AM IST

    Crackdown on shell cos: India Inc may soon have to geo-tag their offices to prove authenticity

    Geo-tagging will allow the online return filing system to alert government officials wherever it detects far too many companies registered in the same premises

  • Shell companies: ED attaches Rs 6.8 cr assets of 2 businessmen in Delhi Aug 21, 2018 09:30 PM IST

    Shell companies: ED attaches Rs 6.8 cr assets of 2 businessmen in Delhi

    The Enforcement Directorate (ED), in a statement, said today it has issued an order for provisional attachment of assets of Ms Utsav Securities Private Limited, Ms Avail Financial Services Ltd and Ms Sital Leasing and Finance Ltd, which are "controlled" by brothers Virendra Kumar Jain and Virendra Jain.

  • More than 1300 listed companies under scanner for not filing financial statements Jul 30, 2018 04:30 PM IST

    More than 1300 listed companies under scanner for not filing financial statements

    The ministry of corporate affairs (MCA) has found that 736 out of the total 1,313 firms or companies were either never listed or have been delisted from the domestic bourses

  • MCA gets first breakthrough in large cash deposits by 4 shell cos after demonetisation Jun 15, 2018 04:08 PM IST

    MCA gets first breakthrough in large cash deposits by 4 shell cos after demonetisation

    Four Maharashtra-based companies admitted to investigators that were just ‘shell’ entities used to deposit cash worth Rs 450 crore

  • 2.25 lakh shell companies under scrutiny of corporate affairs ministry May 28, 2018 08:50 PM IST

    2.25 lakh shell companies under scrutiny of corporate affairs ministry

    The registrar of companies is in the middle of issuing notices to these entities, and if they fail to file returns over the next few months, they may get deregistered

  • Over 60000 shell companies closed down in Maharashtra: Govt Dec 13, 2017 03:45 PM IST

    Over 60000 shell companies closed down in Maharashtra: Govt

    "The Union government has issued a list from the Registrar of Companies stating that 60,105 companies in the state have been closed down. The companies have been struck off as per article 248 (5) of the Companies Act, 2013," Desai stated.

  • Tax sleuths search business groups in Tamil Nadu Nov 28, 2017 12:37 PM IST

    Tax sleuths search business groups in Tamil Nadu

    The raids involved four independent assesse groups including a textile firm and a company with interest in real estate.

  • SEBI forms panel to look into erroneous classification of firms as shell companies Nov 21, 2017 10:55 AM IST

    SEBI forms panel to look into erroneous classification of firms as shell companies

    In some cases, the sub-committee will make representations to the Ministry of Corporate Affairs for relief.

  • What changed for the market while you were sleeping? 20 things you should know Nov 06, 2017 08:00 AM IST

    What changed for the market while you were sleeping? 20 things you should know

    A look at top cues from domestic and international cues that could have a bearing on D-Street.

  • Shell cos clampdown: Sebi lifts curbs on Signet Industries Oct 26, 2017 08:04 AM IST

    Shell cos clampdown: Sebi lifts curbs on Signet Industries

    While the restrictions have been removed with respect to Signet Industries Ltd (SIL), the regulator has ordered a forensic audit for Scintilla Commercial & Credit Ltd (SCCL).

  • 5,800 shell cos under govt glare over deposits post note ban Oct 06, 2017 01:57 PM IST

    5,800 shell cos under govt glare over deposits post note ban

    "Vital information has been received from 13 banks regarding the bank account operations and post-demonetisation transactions of some of the 2,09,032 suspicious companies that had been struck off the Register of Companies earlier this year," the government said in a statement today.

  • Shell companies crackdown: 4.5 lakh directors may face axe Oct 05, 2017 12:04 PM IST

    Shell companies crackdown: 4.5 lakh directors may face axe

    Asserting that genuine corporates will not face action, the minister of state for corporate affairs said non-compliant companies are tarnishing the image of good ones.

  • Number of directors disqualified by Corporate Affairs Ministry climbs to over 300,000 Sep 25, 2017 10:54 AM IST

    Number of directors disqualified by Corporate Affairs Ministry climbs to over 300,000

    The directors of shell companies have been disqualified under Section 164 (2)(A) of the Companies Act

  • Shell cos clampdown: Sebi for forensic audit of 3 more firms Sep 22, 2017 03:33 PM IST

    Shell cos clampdown: Sebi for forensic audit of 3 more firms

    This has taken the total number of firms to 11 against which the Securities and Exchange Board of India (Sebi) has ordered an audit.

  • What changed for the market while you were sleeping? 20 things you should know Sep 22, 2017 07:54 AM IST

    What changed for the market while you were sleeping? 20 things you should know

    A look at top cues from the domestic and international markets that could have a bearing on D-Street today.

  • What changed for the market while you were sleeping? 17 things you should know Sep 20, 2017 07:44 AM IST

    What changed for the market while you were sleeping? 17 things you should know

    A look at top cues from the domestic and international markets that could have a bearing on D-Street today.

  • Sebi's crackdown on shell companies intensifies: Sources Sep 19, 2017 02:15 PM IST

    Sebi's crackdown on shell companies intensifies: Sources

    Securities and Exchange Board of India’s (Sebi) crackdown on shell companies intensifies. CNBC-TV18 understand another 1 lakh directors of suspected shell companies are under the scanner.

  • What changed for the market while you were sleeping? 20 things you should know Sep 19, 2017 08:06 AM IST

    What changed for the market while you were sleeping? 20 things you should know

    A look at top cues from the domestic and international markets that could have a bearing on D-Street today.

  • What changed for the market while you were sleeping? 20 things you should know Sep 18, 2017 08:03 AM IST

    What changed for the market while you were sleeping? 20 things you should know

    A look at top cues from the domestic and international markets that could have a bearing on D-Street today.

  • What changed for the market while you were sleeping? 16 things you should know Sep 07, 2017 07:37 AM IST

    What changed for the market while you were sleeping? 16 things you should know

    A look at top cues from the domestic and international markets that could have a bearing on D-Street today.

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