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Government of India receives vital information from 13 Banks regarding the bank account operations and post-demonetization transactions of some of the 2,09,032 suspicious companies that had been struck off the Register of Companies earlier this year;

News and Press Release - Dated:- 6-10-2017 - Investigative agencies have been asked to complete necessary investigation in a time bound manner. In what is undoubtedly a major breakthrough in its fight against black money and shell companies, vital in .....

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is year. It may be recalled that after being struck off, operation of the bank accounts of these 2,09,032 suspicious companies were restricted for discharge of their liabilities only. These 13 banks have submitted their First Instalment of data. The .....

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eir names. The highest grosser among these is a company having 2134 accounts, followed by others having accounts in the range of 900, 300 etc. The data pertaining to the pre demonetization account balances and transactions conducted from the accounts .....

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from 9th November, 2016 i.e. after the announcement of demonetization, till the date of their being struck off, these companies have altogether deposited a huge amount of ₹ 4,573.87 crore in their accounts and withdrawn an equally large amount .....

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ave then deposited and withdrawn amounts going in several crores from these accounts. The accounts were thereafter again left as dormant accounts with paltry balance. As mentioned earlier, this exercise of swindling the authorities was carried-out po .....

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s on 8th November, 2016 have deposited and withdrawn over ₹ 11 crore and left again with a cumulative balance of just ₹ 42,000 as at the date of freezing. Similarly in the case of another Bank, more than 3000 such companies, most having m .....

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