Categories: Corporate Law

Shell companies: Illegality in functioning & regulatory framework

The Guwahati High Court in the case of Assam Company India Ltd and Ors v. Union of India explained the working of shell companies by stating that a ‘shell company is artificially identified
with suspicious activities which include serious offences like tax evasion’.

This content is for Annual Membership members only.
Login Join Now
Legally Speaking Desk

Share
Published by
Legally Speaking Desk

Recent Posts

Justice Arun Palli Sworn In As New Chief Justice Of Jammu & Kashmir And Ladakh HC

The Central government on Saturday approved the appointment of Justice Arun Palli, a senior judge…

6 hours ago

Calcutta HC Rejects Permission For Hanuman Jayanti Procession On Iconic Kolkata Road

The Calcutta High Court declined permission for a Hanuman Jayanti procession to be held on…

6 hours ago

“Not Informing About Reason Of Arrest In Violation Of Article 22(1) Will Be Ground For Bail”: Allahabad HC

The Allahabad High Court has held that failure to inform an arrested individual of the…

7 hours ago

“Indian Families Undergoing Major Changes, Reshaping Law and Society”: Justice B V Nagarathna

Supreme Court Judge Justice B V Nagarathna on Saturday said that the Indian family structure…

8 hours ago

Big Legal Action! Ranveer Allahbadia, Apoorva Mukhija Accused Of ‘Non-Cooperation’

YouTuber and podcaster Ranveer Allahbadia, widely known as BeerBiceps, has returned to social media following…

8 hours ago

Tamil Nadu Notifies 10 State Laws Without Governor’s Assent, Citing SC Ruling

The Tamil Nadu government today notified ten State Acts in the official gazette on the…

9 hours ago