MCA to intensify crackdown on shell firms
The Indian ministry of corporate affairs (MCA) will increase its crackdown on non-functional or non-compliant "shell" companies, having already struck off almost 128,000 nuisance firms that transfer black money. The Registrar of Companies will carry out greater physical verification of firms, while the MCA is thought to be using the latest version of its MCA21 portal to build a database for use in future crackdowns.
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