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Govt to soon come out with definition for shell cos: Chaudhary

Sunday, July 1, 2018, 6:16 PM

The government will "very soon" come out with a definition for shell companies, Union Minister P P Chaudhary said today amid the crackdown on entities indulging in financial irregularities. Obscure ownership, excessive leveraging and disproportionate investment in shares of other companies are among the possible criteria being looked at for defining shell entities.

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