Indian Securities regulator imposed restrictions on 331 shell companies, out of which more than 40% are registered in Kolkata alone. Why Kolkata ? Kolkata is a popular destination of the Shell companies because of the ecosystem it provides. Synchronized trading is illegal under the law, orders are matched to benefit the...
Securities Exchange Board of India, the stock market regulator penalised 331 listed companies by imposing restrictions on trading. Some companies which SEBI named in this list were shockers Prakash Industries Parsvnath Developers J Kumar Infra SQS BFSI JMD Ventures Prakash Industries was one of the companies which gave handsome returns...
Indian Securities Regulator has imposed trading restrictions on 331 listed entities identified as shell companies. A surprise move that was declared by the regulators as the part of a broad crackdown on illegal offshore transfers and tax evasion. The announcement by the Securities Exchange Board of India (SEBI) did not clarified the nature of...
The Directorate of Revenue Intelligence (DRI) is learnt to have unearthed a fraud involving at least half a dozen textile exporters who allegedly laundered at least Rs 200 crore in the last one year and a half. According to sources, some Mumbai-based exporters allegedly laundered the money and fraudulently...