Trading in 313 listed companies has stopped after Securities and Exchange Board of India (SEBI) directed stock exchanges to take action against them. Earlier, SEBI was asked to stop trading in these companies, by Modi government. These shell companies looted innocent investors. Some 13 companies from both Telugu states are also in the list of these shell companies. They were listed companies in name, but were only doing money laundering. The Centre observed that these companies evaded taxes and indulged in economic irregularities.