https://www.taxtmi.com/news?id=24274 The Government announced an administrative initiative targeting entities characterised as shell companies-companies without active operations or substantial assets that may facilitate tax evasion, money laundering, concealment of ownership and benami holdings-noting the Companies Act has no statutory definition and relying on red flag indicators recommended by a Special Task Force. A Special Drive used the statutory strike off mechanism, with RoC wise strike off data published to show removal of non operational entities from the register. en-us Tue, 27 Jul 2021 18:41:40 +0530 Tue, 27 Jul 2021 18:41:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=24274 The Government announced an administrative initiative targeting entities characterised as shell companies-companies without active operations or substantial assets that may facilitate tax evasion, money laundering, concealment of ownership and benami holdings-noting the Companies Act has no statutory definition and relying on red flag indicators recommended by a Special Task Force. A Special Drive used the statutory strike off mechanism, with RoC wise strike off data published to show removal of non operational entities from the register. News - Tue, 27 Jul 2021 18:41:40 +0530 https://www.taxtmi.com/news?id=24274