<h1>Over 106,000 Shell Company Directors Disqualified in Anti-Money Laundering Effort by MOCA.</h1> The Ministry of Corporate Affairs (MOCA) has disqualified over 106,000 directors of shell companies following the cancellation of registrations for approximately 210,000 defaulting companies. This action is part of a broader strategy to combat black money and money laundering through shell companies. The MOCA, in collaboration with enforcement agencies, is scrutinizing the directors' backgrounds and their roles in these companies. Professional bodies are also monitoring the involvement of Chartered Accountants and Company Secretaries in illegal activities. The initiative aims to enhance business confidence and improve India's global business image, with ongoing oversight by the Ministry of Finance and related agencies.