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Government identified 2,38,223 shell companies between 2018-2021: Union Minister of State for Corporate Affairs

July 28, 2021
Union Minister of State for Corporate Affairs Shri Rao Inderjit Singh in written reply to a question in Rajya Sabha informed that Govt. has identified total 2,38,223 companies as shell companies between 2018-2021. The Minister further stated that the Special Task Force set up by the Govt. to look into the issue of “Shell Companies” has recommended use of certain red flag indicators to identify Shell Companies.
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