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Directors Of Shell Companies Face Up To Five-Year Disqualification: Report
04 Jun 2017, 08:47 PM IST i


There are nearly 16 lakh registered companies in the country (Representational image)
New Delhi: Directors of companies that have not been carrying out business for a long time are set to be disqualified from holding directorship in any registered firm for up to five years, as part of the government's intensified efforts against the menace of black money. Shell companies are dubious entities that are generally used for laundering illegal wealth.
With nearly three lakh companies already under the scanner, the governme...
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