When the empire strikes back- Sumit Naib
How has the government tightened the screws on illicit flow of funds through use of shell/inactive companies? The ministry of corporate affairs has struck from the records the names of around 209,000 companies found to be without any business activity or those that have not filed financial statements for three years or more.
Sumit Naib, Associate Director, Nangia Andersen India Pvt. Ltd. shares his views on aforementioned story for Business Standard.