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Friday, December 28, 2018

Over 1L shell cos deregistered this fiscal: Govt

As part of clamping down on illicit fund flows, the corporate affairs ministry has been taking action against entities that are suspected to be shell companies. Under the Companies Act, 2013, a company can be deregistered if it has not been carrying out any business for two continuous years and has also not applied for obtaining dormant status.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2BGfpyc

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