Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
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</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
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</span></span></code></pre><pre id="cakeErr67f0705937fc2-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
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-Business Standard&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;The task force also highlighted that companies had been misused to channel unaccounted cash after demonetisation in November 2016&lt;br /&gt;
&lt;br /&gt;
Mumbai: &lt;/em&gt;The government&amp;rsquo;s task force has arrived at a formula to define a &amp;lsquo;shell company&amp;rsquo;, a move critical for enforcement agencies to crack down on dubious entities exploiting the regulatory framework.&lt;br /&gt;
&lt;br /&gt;
According to sources, the task force has listed 18 key parameters, including beneficial ownership and the nature of business dealings, to determine if a company has been created to launder money or exploit regulatory arbitrage.&lt;br /&gt;
&lt;br /&gt;
A company that lacks beneficial ownership, is inconsistent in big-ticket transactions, or is one that does repetitive transactions with no apparent business purpose could be tagged a &amp;lsquo;shell company&amp;rsquo;.&lt;br /&gt;
&lt;br /&gt;
Further, any company that transfers large sums to a related party, and makes disproportionate investments in shares of other companies or one with dubious directors could be termed shell entities. Companies whose shares quote a high premium to their face value despite having nominal share capital too could fall into the category.&lt;br /&gt;
&lt;br /&gt;
The panel, set up in July 2017, has extensively defined each attribute of a shell company, based on suggestions it had received from probe agencies and regulators, including the Enforcement Directorate, Securities and Exchange Board of India, Financial Intelligence Units, and the Central Board of Direct Taxes.&lt;br /&gt;
&lt;br /&gt;
Sources say the task force has submitted its report to the Prime Minister&amp;rsquo;s Office, the Ministry of Finance, and the Ministry of Corporate Affairs (MCA) for feedback.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;It is well understood that just defining a shell company is not enough to identify potential shell companies as there is a very thin line between legitimate businesses and illegitimate businesses, which depends on the merits and facts of each case.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.business-standard.com/article/economy-policy/centre-close-to-cracking-shell-firm-puzzle-panel-decides-18-parameters-118050100056_1.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;br /&gt;
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-Business Standard

The task force also highlighted that companies had been misused to channel unaccounted cash after demonetisation in November 2016

Mumbai: The government&amp;rsquo;s task force has arrived at a formula to define a &amp;lsquo;shell company&amp;rsquo;, a move critical for enforcement agencies...&#039;,
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&lt;br /&gt;
&lt;em&gt;The task force also highlighted that companies had been misused to channel unaccounted cash after demonetisation in November 2016&lt;br /&gt;
&lt;br /&gt;
Mumbai: &lt;/em&gt;The government&amp;rsquo;s task force has arrived at a formula to define a &amp;lsquo;shell company&amp;rsquo;, a move critical for enforcement agencies to crack down on dubious entities exploiting the regulatory framework.&lt;br /&gt;
&lt;br /&gt;
According to sources, the task force has listed 18 key parameters, including beneficial ownership and the nature of business dealings, to determine if a company has been created to launder money or exploit regulatory arbitrage.&lt;br /&gt;
&lt;br /&gt;
A company that lacks beneficial ownership, is inconsistent in big-ticket transactions, or is one that does repetitive transactions with no apparent business purpose could be tagged a &amp;lsquo;shell company&amp;rsquo;.&lt;br /&gt;
&lt;br /&gt;
Further, any company that transfers large sums to a related party, and makes disproportionate investments in shares of other companies or one with dubious directors could be termed shell entities. Companies whose shares quote a high premium to their face value despite having nominal share capital too could fall into the category.&lt;br /&gt;
&lt;br /&gt;
The panel, set up in July 2017, has extensively defined each attribute of a shell company, based on suggestions it had received from probe agencies and regulators, including the Enforcement Directorate, Securities and Exchange Board of India, Financial Intelligence Units, and the Central Board of Direct Taxes.&lt;br /&gt;
&lt;br /&gt;
Sources say the task force has submitted its report to the Prime Minister&amp;rsquo;s Office, the Ministry of Finance, and the Ministry of Corporate Affairs (MCA) for feedback.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;It is well understood that just defining a shell company is not enough to identify potential shell companies as there is a very thin line between legitimate businesses and illegitimate businesses, which depends on the merits and facts of each case.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.business-standard.com/article/economy-policy/centre-close-to-cracking-shell-firm-puzzle-panel-decides-18-parameters-118050100056_1.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;br /&gt;
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-Business Standard

The task force also highlighted that companies had been misused to channel unaccounted cash after demonetisation in November 2016

Mumbai: The government&amp;rsquo;s task force has arrived at a formula to define a &amp;lsquo;shell company&amp;rsquo;, a move critical for enforcement agencies...&#039;
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-Business Standard

The task force also highlighted that companies had been misused to channel unaccounted cash after demonetisation in November 2016

Mumbai: The government&rsquo;s task force has arrived at a formula to define a &lsquo;shell company&rsquo;, a move critical for enforcement agencies..."/>
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                <div align="justify">-Business Standard<br /><br /><em>The task force also highlighted that companies had been misused to channel unaccounted cash after demonetisation in November 2016<br /><br />Mumbai: </em>The government&rsquo;s task force has arrived at a formula to define a &lsquo;shell company&rsquo;, a move critical for enforcement agencies to crack down on dubious entities exploiting the regulatory framework.<br /><br />According to sources, the task force has listed 18 key parameters, including beneficial ownership and the nature of business dealings, to determine if a company has been created to launder money or exploit regulatory arbitrage.<br /><br />A company that lacks beneficial ownership, is inconsistent in big-ticket transactions, or is one that does repetitive transactions with no apparent business purpose could be tagged a &lsquo;shell company&rsquo;.<br /><br />Further, any company that transfers large sums to a related party, and makes disproportionate investments in shares of other companies or one with dubious directors could be termed shell entities. Companies whose shares quote a high premium to their face value despite having nominal share capital too could fall into the category.<br /><br />The panel, set up in July 2017, has extensively defined each attribute of a shell company, based on suggestions it had received from probe agencies and regulators, including the Enforcement Directorate, Securities and Exchange Board of India, Financial Intelligence Units, and the Central Board of Direct Taxes.<br /><br />Sources say the task force has submitted its report to the Prime Minister&rsquo;s Office, the Ministry of Finance, and the Ministry of Corporate Affairs (MCA) for feedback.<br /><br />&ldquo;It is well understood that just defining a shell company is not enough to identify potential shell companies as there is a very thin line between legitimate businesses and illegitimate businesses, which depends on the merits and facts of each case.<br /><br />Please <a href="http://www.business-standard.com/article/economy-policy/centre-close-to-cracking-shell-firm-puzzle-panel-decides-18-parameters-118050100056_1.html" title="http://www.business-standard.com/article/economy-policy/centre-close-to-cracking-shell-firm-puzzle-panel-decides-18-parameters-118050100056_1.html">click here</a> to read more. <br /><br /></div>               </font>
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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f0705937fc2-trace').style.display = (document.getElementById('cakeErr67f0705937fc2-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f0705937fc2-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f0705937fc2-code').style.display = (document.getElementById('cakeErr67f0705937fc2-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f0705937fc2-context').style.display = (document.getElementById('cakeErr67f0705937fc2-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f0705937fc2-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
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<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
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-Business Standard&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;The task force also highlighted that companies had been misused to channel unaccounted cash after demonetisation in November 2016&lt;br /&gt;
&lt;br /&gt;
Mumbai: &lt;/em&gt;The government&amp;rsquo;s task force has arrived at a formula to define a &amp;lsquo;shell company&amp;rsquo;, a move critical for enforcement agencies to crack down on dubious entities exploiting the regulatory framework.&lt;br /&gt;
&lt;br /&gt;
According to sources, the task force has listed 18 key parameters, including beneficial ownership and the nature of business dealings, to determine if a company has been created to launder money or exploit regulatory arbitrage.&lt;br /&gt;
&lt;br /&gt;
A company that lacks beneficial ownership, is inconsistent in big-ticket transactions, or is one that does repetitive transactions with no apparent business purpose could be tagged a &amp;lsquo;shell company&amp;rsquo;.&lt;br /&gt;
&lt;br /&gt;
Further, any company that transfers large sums to a related party, and makes disproportionate investments in shares of other companies or one with dubious directors could be termed shell entities. Companies whose shares quote a high premium to their face value despite having nominal share capital too could fall into the category.&lt;br /&gt;
&lt;br /&gt;
The panel, set up in July 2017, has extensively defined each attribute of a shell company, based on suggestions it had received from probe agencies and regulators, including the Enforcement Directorate, Securities and Exchange Board of India, Financial Intelligence Units, and the Central Board of Direct Taxes.&lt;br /&gt;
&lt;br /&gt;
Sources say the task force has submitted its report to the Prime Minister&amp;rsquo;s Office, the Ministry of Finance, and the Ministry of Corporate Affairs (MCA) for feedback.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;It is well understood that just defining a shell company is not enough to identify potential shell companies as there is a very thin line between legitimate businesses and illegitimate businesses, which depends on the merits and facts of each case.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.business-standard.com/article/economy-policy/centre-close-to-cracking-shell-firm-puzzle-panel-decides-18-parameters-118050100056_1.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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-Business Standard

The task force also highlighted that companies had been misused to channel unaccounted cash after demonetisation in November 2016

Mumbai: The government&amp;rsquo;s task force has arrived at a formula to define a &amp;lsquo;shell company&amp;rsquo;, a move critical for enforcement agencies...&#039;,
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&lt;br /&gt;
&lt;em&gt;The task force also highlighted that companies had been misused to channel unaccounted cash after demonetisation in November 2016&lt;br /&gt;
&lt;br /&gt;
Mumbai: &lt;/em&gt;The government&amp;rsquo;s task force has arrived at a formula to define a &amp;lsquo;shell company&amp;rsquo;, a move critical for enforcement agencies to crack down on dubious entities exploiting the regulatory framework.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
A company that lacks beneficial ownership, is inconsistent in big-ticket transactions, or is one that does repetitive transactions with no apparent business purpose could be tagged a &amp;lsquo;shell company&amp;rsquo;.&lt;br /&gt;
&lt;br /&gt;
Further, any company that transfers large sums to a related party, and makes disproportionate investments in shares of other companies or one with dubious directors could be termed shell entities. Companies whose shares quote a high premium to their face value despite having nominal share capital too could fall into the category.&lt;br /&gt;
&lt;br /&gt;
The panel, set up in July 2017, has extensively defined each attribute of a shell company, based on suggestions it had received from probe agencies and regulators, including the Enforcement Directorate, Securities and Exchange Board of India, Financial Intelligence Units, and the Central Board of Direct Taxes.&lt;br /&gt;
&lt;br /&gt;
Sources say the task force has submitted its report to the Prime Minister&amp;rsquo;s Office, the Ministry of Finance, and the Ministry of Corporate Affairs (MCA) for feedback.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;It is well understood that just defining a shell company is not enough to identify potential shell companies as there is a very thin line between legitimate businesses and illegitimate businesses, which depends on the merits and facts of each case.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.business-standard.com/article/economy-policy/centre-close-to-cracking-shell-firm-puzzle-panel-decides-18-parameters-118050100056_1.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;br /&gt;
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The task force also highlighted that companies had been misused to channel unaccounted cash after demonetisation in November 2016

Mumbai: The government&amp;rsquo;s task force has arrived at a formula to define a &amp;lsquo;shell company&amp;rsquo;, a move critical for enforcement agencies...&#039;
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-Business Standard

The task force also highlighted that companies had been misused to channel unaccounted cash after demonetisation in November 2016

Mumbai: The government&rsquo;s task force has arrived at a formula to define a &lsquo;shell company&rsquo;, a move critical for enforcement agencies..."/>
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                <strong>Centre close to cracking shell firm puzzle; panel decides 18 parameters -Shrimi Choudhary</strong></h1>
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                <div align="justify">-Business Standard<br /><br /><em>The task force also highlighted that companies had been misused to channel unaccounted cash after demonetisation in November 2016<br /><br />Mumbai: </em>The government&rsquo;s task force has arrived at a formula to define a &lsquo;shell company&rsquo;, a move critical for enforcement agencies to crack down on dubious entities exploiting the regulatory framework.<br /><br />According to sources, the task force has listed 18 key parameters, including beneficial ownership and the nature of business dealings, to determine if a company has been created to launder money or exploit regulatory arbitrage.<br /><br />A company that lacks beneficial ownership, is inconsistent in big-ticket transactions, or is one that does repetitive transactions with no apparent business purpose could be tagged a &lsquo;shell company&rsquo;.<br /><br />Further, any company that transfers large sums to a related party, and makes disproportionate investments in shares of other companies or one with dubious directors could be termed shell entities. Companies whose shares quote a high premium to their face value despite having nominal share capital too could fall into the category.<br /><br />The panel, set up in July 2017, has extensively defined each attribute of a shell company, based on suggestions it had received from probe agencies and regulators, including the Enforcement Directorate, Securities and Exchange Board of India, Financial Intelligence Units, and the Central Board of Direct Taxes.<br /><br />Sources say the task force has submitted its report to the Prime Minister&rsquo;s Office, the Ministry of Finance, and the Ministry of Corporate Affairs (MCA) for feedback.<br /><br />&ldquo;It is well understood that just defining a shell company is not enough to identify potential shell companies as there is a very thin line between legitimate businesses and illegitimate businesses, which depends on the merits and facts of each case.<br /><br />Please <a href="http://www.business-standard.com/article/economy-policy/centre-close-to-cracking-shell-firm-puzzle-panel-decides-18-parameters-118050100056_1.html" title="http://www.business-standard.com/article/economy-policy/centre-close-to-cracking-shell-firm-puzzle-panel-decides-18-parameters-118050100056_1.html">click here</a> to read more. <br /><br /></div>               </font>
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-Business Standard&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;The task force also highlighted that companies had been misused to channel unaccounted cash after demonetisation in November 2016&lt;br /&gt;
&lt;br /&gt;
Mumbai: &lt;/em&gt;The government&amp;rsquo;s task force has arrived at a formula to define a &amp;lsquo;shell company&amp;rsquo;, a move critical for enforcement agencies to crack down on dubious entities exploiting the regulatory framework.&lt;br /&gt;
&lt;br /&gt;
According to sources, the task force has listed 18 key parameters, including beneficial ownership and the nature of business dealings, to determine if a company has been created to launder money or exploit regulatory arbitrage.&lt;br /&gt;
&lt;br /&gt;
A company that lacks beneficial ownership, is inconsistent in big-ticket transactions, or is one that does repetitive transactions with no apparent business purpose could be tagged a &amp;lsquo;shell company&amp;rsquo;.&lt;br /&gt;
&lt;br /&gt;
Further, any company that transfers large sums to a related party, and makes disproportionate investments in shares of other companies or one with dubious directors could be termed shell entities. Companies whose shares quote a high premium to their face value despite having nominal share capital too could fall into the category.&lt;br /&gt;
&lt;br /&gt;
The panel, set up in July 2017, has extensively defined each attribute of a shell company, based on suggestions it had received from probe agencies and regulators, including the Enforcement Directorate, Securities and Exchange Board of India, Financial Intelligence Units, and the Central Board of Direct Taxes.&lt;br /&gt;
&lt;br /&gt;
Sources say the task force has submitted its report to the Prime Minister&amp;rsquo;s Office, the Ministry of Finance, and the Ministry of Corporate Affairs (MCA) for feedback.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;It is well understood that just defining a shell company is not enough to identify potential shell companies as there is a very thin line between legitimate businesses and illegitimate businesses, which depends on the merits and facts of each case.&lt;br /&gt;
&lt;br /&gt;
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The task force also highlighted that companies had been misused to channel unaccounted cash after demonetisation in November 2016

Mumbai: The government&amp;rsquo;s task force has arrived at a formula to define a &amp;lsquo;shell company&amp;rsquo;, a move critical for enforcement agencies...&#039;,
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&lt;br /&gt;
&lt;em&gt;The task force also highlighted that companies had been misused to channel unaccounted cash after demonetisation in November 2016&lt;br /&gt;
&lt;br /&gt;
Mumbai: &lt;/em&gt;The government&amp;rsquo;s task force has arrived at a formula to define a &amp;lsquo;shell company&amp;rsquo;, a move critical for enforcement agencies to crack down on dubious entities exploiting the regulatory framework.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
A company that lacks beneficial ownership, is inconsistent in big-ticket transactions, or is one that does repetitive transactions with no apparent business purpose could be tagged a &amp;lsquo;shell company&amp;rsquo;.&lt;br /&gt;
&lt;br /&gt;
Further, any company that transfers large sums to a related party, and makes disproportionate investments in shares of other companies or one with dubious directors could be termed shell entities. Companies whose shares quote a high premium to their face value despite having nominal share capital too could fall into the category.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
&amp;ldquo;It is well understood that just defining a shell company is not enough to identify potential shell companies as there is a very thin line between legitimate businesses and illegitimate businesses, which depends on the merits and facts of each case.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.business-standard.com/article/economy-policy/centre-close-to-cracking-shell-firm-puzzle-panel-decides-18-parameters-118050100056_1.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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The task force also highlighted that companies had been misused to channel unaccounted cash after demonetisation in November 2016

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-Business Standard

The task force also highlighted that companies had been misused to channel unaccounted cash after demonetisation in November 2016

Mumbai: The government&rsquo;s task force has arrived at a formula to define a &lsquo;shell company&rsquo;, a move critical for enforcement agencies..."/>
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                <strong>Centre close to cracking shell firm puzzle; panel decides 18 parameters -Shrimi Choudhary</strong></h1>
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                <div align="justify">-Business Standard<br /><br /><em>The task force also highlighted that companies had been misused to channel unaccounted cash after demonetisation in November 2016<br /><br />Mumbai: </em>The government&rsquo;s task force has arrived at a formula to define a &lsquo;shell company&rsquo;, a move critical for enforcement agencies to crack down on dubious entities exploiting the regulatory framework.<br /><br />According to sources, the task force has listed 18 key parameters, including beneficial ownership and the nature of business dealings, to determine if a company has been created to launder money or exploit regulatory arbitrage.<br /><br />A company that lacks beneficial ownership, is inconsistent in big-ticket transactions, or is one that does repetitive transactions with no apparent business purpose could be tagged a &lsquo;shell company&rsquo;.<br /><br />Further, any company that transfers large sums to a related party, and makes disproportionate investments in shares of other companies or one with dubious directors could be termed shell entities. Companies whose shares quote a high premium to their face value despite having nominal share capital too could fall into the category.<br /><br />The panel, set up in July 2017, has extensively defined each attribute of a shell company, based on suggestions it had received from probe agencies and regulators, including the Enforcement Directorate, Securities and Exchange Board of India, Financial Intelligence Units, and the Central Board of Direct Taxes.<br /><br />Sources say the task force has submitted its report to the Prime Minister&rsquo;s Office, the Ministry of Finance, and the Ministry of Corporate Affairs (MCA) for feedback.<br /><br />&ldquo;It is well understood that just defining a shell company is not enough to identify potential shell companies as there is a very thin line between legitimate businesses and illegitimate businesses, which depends on the merits and facts of each case.<br /><br />Please <a href="http://www.business-standard.com/article/economy-policy/centre-close-to-cracking-shell-firm-puzzle-panel-decides-18-parameters-118050100056_1.html" title="http://www.business-standard.com/article/economy-policy/centre-close-to-cracking-shell-firm-puzzle-panel-decides-18-parameters-118050100056_1.html">click here</a> to read more. <br /><br /></div>               </font>
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-Business Standard<br />
<br />
<em>The task force also highlighted that companies had been misused to channel unaccounted cash after demonetisation in November 2016<br />
<br />
Mumbai: </em>The government&rsquo;s task force has arrived at a formula to define a &lsquo;shell company&rsquo;, a move critical for enforcement agencies to crack down on dubious entities exploiting the regulatory framework.<br />
<br />
According to sources, the task force has listed 18 key parameters, including beneficial ownership and the nature of business dealings, to determine if a company has been created to launder money or exploit regulatory arbitrage.<br />
<br />
A company that lacks beneficial ownership, is inconsistent in big-ticket transactions, or is one that does repetitive transactions with no apparent business purpose could be tagged a &lsquo;shell company&rsquo;.<br />
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Further, any company that transfers large sums to a related party, and makes disproportionate investments in shares of other companies or one with dubious directors could be termed shell entities. Companies whose shares quote a high premium to their face value despite having nominal share capital too could fall into the category.<br />
<br />
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<br />
Sources say the task force has submitted its report to the Prime Minister&rsquo;s Office, the Ministry of Finance, and the Ministry of Corporate Affairs (MCA) for feedback.<br />
<br />
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<br />
Please <a href="http://www.business-standard.com/article/economy-policy/centre-close-to-cracking-shell-firm-puzzle-panel-decides-18-parameters-118050100056_1.html">click here</a> to read more. <br />
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<em>The task force also highlighted that companies had been misused to channel unaccounted cash after demonetisation in November 2016<br />
<br />
Mumbai: </em>The government&rsquo;s task force has arrived at a formula to define a &lsquo;shell company&rsquo;, a move critical for enforcement agencies to crack down on dubious entities exploiting the regulatory framework.<br />
<br />
According to sources, the task force has listed 18 key parameters, including beneficial ownership and the nature of business dealings, to determine if a company has been created to launder money or exploit regulatory arbitrage.<br />
<br />
A company that lacks beneficial ownership, is inconsistent in big-ticket transactions, or is one that does repetitive transactions with no apparent business purpose could be tagged a &lsquo;shell company&rsquo;.<br />
<br />
Further, any company that transfers large sums to a related party, and makes disproportionate investments in shares of other companies or one with dubious directors could be termed shell entities. Companies whose shares quote a high premium to their face value despite having nominal share capital too could fall into the category.<br />
<br />
The panel, set up in July 2017, has extensively defined each attribute of a shell company, based on suggestions it had received from probe agencies and regulators, including the Enforcement Directorate, Securities and Exchange Board of India, Financial Intelligence Units, and the Central Board of Direct Taxes.<br />
<br />
Sources say the task force has submitted its report to the Prime Minister&rsquo;s Office, the Ministry of Finance, and the Ministry of Corporate Affairs (MCA) for feedback.<br />
<br />
&ldquo;It is well understood that just defining a shell company is not enough to identify potential shell companies as there is a very thin line between legitimate businesses and illegitimate businesses, which depends on the merits and facts of each case.<br />
<br />
Please <a href="http://www.business-standard.com/article/economy-policy/centre-close-to-cracking-shell-firm-puzzle-panel-decides-18-parameters-118050100056_1.html">click here</a> to read more. <br />
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The task force also highlighted that companies had been misused to channel unaccounted cash after demonetisation in November 2016

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Centre close to cracking shell firm puzzle; panel decides 18 parameters -Shrimi Choudhary

-Business Standard The task force also highlighted that companies had been misused to channel unaccounted cash after demonetisation in November 2016 Mumbai: The government’s task force has arrived at a formula to define a ‘shell company’, a move critical for enforcement agencies to crack down on dubious entities exploiting the regulatory framework. According to sources, the task force has listed 18 key parameters, including beneficial ownership and the nature of business dealings, to determine if a company has been created to launder money or exploit regulatory arbitrage. A company that lacks beneficial ownership, is inconsistent in big-ticket transactions, or is one that does repetitive transactions with no apparent business purpose could be tagged a ‘shell company’. Further, any company that transfers large sums to a related party, and makes disproportionate investments in shares of other companies or one with dubious directors could be termed shell entities. Companies whose shares quote a high premium to their face value despite having nominal share capital too could fall into the category. The panel, set up in July 2017, has extensively defined each attribute of a shell company, based on suggestions it had received from probe agencies and regulators, including the Enforcement Directorate, Securities and Exchange Board of India, Financial Intelligence Units, and the Central Board of Direct Taxes. Sources say the task force has submitted its report to the Prime Minister’s Office, the Ministry of Finance, and the Ministry of Corporate Affairs (MCA) for feedback. “It is well understood that just defining a shell company is not enough to identify potential shell companies as there is a very thin line between legitimate businesses and illegitimate businesses, which depends on the merits and facts of each case. Please click here to read more.