Nine people have been booked by the Visakhapatnam police for allegedly laundering Rs 570 crore by floating shell companies and making fraudulent remittances through hawala transactions. After a complaint by the joint director of income tax (investigations) M V N Seshu Bhavannarayana, the MVP Colony police in the town have[Read More…]
Tag: companies
Four lakh companies may face deregistration for not filing IT returns
As large numbers of Indian companies have failed to file their returns for three financial years, more than a third of the 11 lakh active Indian companies face the chances of their names being struck off or deregistered. The development is as part of the check on shell companies. Lately,[Read More…]