MCA disqualifies more than 2 lakh directors of shell companies within 15 days
ANI | Updated: Oct 03, 2017 15:55 IST
New Delhi [India] ,Oct 3 (ANI): In another crackdown on shell companies, Ministry of Corporate Affairs (MCA) has disqualified more than two lakh directors of shell companies within a span of 15 days, for not filing their financial statements or annual returns for two straight years, violating provisions of the Companies Act, 2013.
"The data we have got from banks are very surprising," the official said, and added that one shell company has even been found to have around 2100 bank accounts.
Without naming the company, he revealed that there are about 50 companies which had multiple banks accounts ranging around 450, 600, 900 and 2100 bank accounts.
"We have given a format to banks. In that format, we have asked about the pre and post demonetisation deposits and withdrawals details. Some more details have been asked so that we can get refined data about shell companies," the official added.