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    <description>931 entities were registered as Sea and Coastal Water Transport Companies as of 04.03.2015 with a State/UT-wise distribution recorded. Corporate law reforms strengthen anti fraud safeguards by imposing enhanced disclosure obligations, introducing a statutory definition of fraud with penal consequences, empowering the specialised investigatory agency with broader powers, and providing for attachment and disgorgement of assets; no shipping company case has been referred to that agency.</description>
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