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Over 100,000 shell firm directors disqualified for five years

Over 100,000 shell firm directors disqualified for five years
26 chartered accountants associated with such shell companies have also been identified In a fresh crackdown, the Ministry of Corporate Affairs has disqualified 106,578 directors for their association with shell firms. This comes just a few days after bank accounts of around 200,000 shell companies were frozen. The directors identified for disqualification would not only be debarred from their respective boards but also from other companies for five years.   It is learnt that more ...
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