MCA seeks more details from companies to put a check on shell firms – Sandeep Jhunjhunwala
Every company incorporated till December 31, 2017, has to disclose its particulars and registered office in a new return, a move aimed at tightening the noose around shell firms. As part of its efforts to curb shell companies, suspected to be used as conduits for illicit fund flows, the Ministry has notified a new electronic form ACTIVE-1 (Active Company Tagging Identities and Verification).
Sandeep Jhunjhunwala, Director shares his views on aforementioned story for following publications:
(This news has been picked up 8 other news publication including Times of India, Financial Express, Hindu Business Line, CNBC TV 18, the week etc.)