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SB: What Are Shell Companies? The Secret Life Of Shell Companies - NTv

Mon, Jul 30, 2018, 11:13 PM
Shell companies are companies without active business operations or significant assets. They can be set up by business people for both legitimate and illegitimate purposes. Illegitimate purposes for registering a shell company include hiding particulars of ownership from the law enforcement, laundering unaccounted money and avoiding tax. Such Shell companies are growing on a large scale. In Hyderabad alone, such companies are more. Regional Office of the Registrar of Companies (RoC) launched an inspection at a small office at a mall in Jubilee Hills and revealed the sensation information about the shell companies. Watch the Story Board programme.
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