Crackdown on shell firms: Action initiated against companies not complying with norms – Sandeep Jhunjhunwala
In another round of action against errant companies and directors, the Ministry of Corporate Affairs (MCA) has directed the Registrar of Companies (RoC) to identify directors who have not filed financial returns and annual statements for three consecutive financial years.
Sandeep Jhunjhunwala, Director, Nangia Andersen India Pvt. Ltd. shares his views on aforementioned story for following publications: