India's Stock Markets regulator, Securities Exchange Board of India (SEBI) has ordered forensic audit of three firms Mumbai Based Trinity Tradelink, Chennai based Info–Drive Software which was also known as Info Drive Computers Limited Delhi based 17 years old Edynamics Solutions All the three companies figured amongst 331 suspected shell companies...
Securities Exchange Board of India, on 7th August'2017 Declared 331 Companies as Shell Companies. The stock market regulator received the list from the ministry of corporate affairs (MCA) on 9 June, wherein it was asked to initiate necessary action under its regulations. On 5th September'2017, SEBI ordered Mumbai Stock Exchange...
Regulator Securities and Exchange Board of India (SEBI) has ordered an audit of three more firms Mumbai Based Indian Infotech and Software, which was also known as Indian Leasers Limited Kolkata Based Newever Trade Wings, which was also known as Newer Infrahomes Kolkata Based Shivom Investment and Consultancy, which...
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...