Harsh punitive actions to be taken against the deviant Shell Companies including freezing of Bank Accounts, striking off the names of dormant companies, invocation of Benami Transactions (Prohibition) Amendment Act, 2016;

Harsh punitive actions to be taken against the deviant Shell Companies including freezing of Bank Accounts, striking off the names of dormant companies, invocation of Benami Transactions (Prohibition) Amendment Act, 2016; https://www.taxtmi.com/news?id=17467 Harsh enforcement measures for companies used in money laundering include freezing bank accounts, striking off dormant companies and invoking Benami Transactions (Prohibition) provisions. A multi-agency Task Force, co-chaired by revenue and corporate affairs leadership, will coordinate actions, use red flag indicators, build an integrated database of suspect companies and directors (including Aadhaar capture), and ensure disciplinary proceedings against professionals who abet such operations. en-us Sat, 11 Feb 2017 10:08:25 +0530 Sat, 11 Feb 2017 10:08:25 +0530 TaxTMI RSS Generator Harsh punitive actions to be taken against the deviant Shell Companies including freezing of Bank Accounts, striking off the names of dormant companies, invocation of Benami Transactions (Prohibition) Amendment Act, 2016; https://www.taxtmi.com/news?id=17467 Harsh enforcement measures for companies used in money laundering include freezing bank accounts, striking off dormant companies and invoking Benami Transactions (Prohibition) provisions. A multi-agency Task Force, co-chaired by revenue and corporate affairs leadership, will coordinate actions, use red flag indicators, build an integrated database of suspect companies and directors (including Aadhaar capture), and ensure disciplinary proceedings against professionals who abet such operations. News - Sat, 11 Feb 2017 10:08:25 +0530 https://www.taxtmi.com/news?id=17467