Will use artificial intelligence to nab shell companies: P P Chaudhary

Govt is trying to find beneficiaries of the 209,0000 shell companies that have not filed statutory returns, the minister of state said

Veena Mani & Indivjal Dhasmana  |  New Delhi 

P P Chaudhary, the newly-appointed minister of state for corporate affairs, is monitoring and coordinating actions against shell companies. He tells Veena Mani & Indivjal Dhasmana that the government is trying to find the beneficiaries of the 209,0000 companies that have not filed statutory returns. Chaudhary says there may be cases where “even domestic help could be part of the board of directors”. Edited excerpts: This government has initiated action against shell companies on a bigger scale than the previous governments. What was the trigger? Misuse of the ...

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First Published: Mon, September 18 2017. 23:08 IST