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Tuesday, July 22, 2025
TopicShell companies

Topic: shell companies

NewsClick FIR says Chinese phone-makers set up ‘thousands of shell companies in India to funnel funds’

'Illegally infused foreign funds used to cause disaffection against nation', according to Delhi Police FIR. NewsClick founder, others accused of providing legal aid to these firms.

‘Address proof’ demands go against PM’s push for work from home

A firm without a traditional office isn't necessarily a shell company. And so, verification of physical address can't be the policy instrument to check if the business is legitimate.

Mumbai forex firm in ED net for forging tickets, passports to justify Rs 700-cr gain

ED books Capstone Forex Private Limited for siphoning funds, after information about a 'sharp rise in revenue' brought it under suspicion.

Companies Amendment Bill passed in Lok Sabha, seeks to tighten CSR spending

Finance Minister Nirmala Sitharaman said the amendments will improve ease of doing business and also reduce the compliance burden on companies.

Modi govt expects to deregister another 20,000 bogus companies by end of this year

The process of acquiring KYC details of companies is currently on, action will be taken against promoters if they fail test.

New notification on corporate layering will limit growth and disadvantage Indian companies

The government has chosen to carpet bomb domestic companies in its bid to crack down on money laundering instead of resorting to a surgical strike.

On Camera

Bihar mimics 19th-century American South. Citizenship is now weaponised to exclude voters

Disenfranchisement by institutional fiat is profoundly undemocratic. The effect of the ECI's new documentary process in Bihar will tilt the scales in favour of the BJP.

India-US set to ink mini trade deal soon, reach understanding on agricultural & dairy products

Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.

Not just AK-203, India & Russia to jointly manufacture AK-19 and PPK-20 for domestic use and export 

India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.

Strategic partner one day, tactical nightmare the next: India’s learning Trumplomacy the hard way

Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.