Saturday, July 12, 2014

Dubious Companies

Print Release: "A total of 238 companies which had raised funds through Public issues were initially identified as ‘vanishing companies’ as they had stopped filing documents/ balance sheets with the regulators and were untraceable. Out of these, 128 companies were removed from this category and placed under a ‘watch list’, as these companies had started filing their documents/ balance sheets, etc. In addition, 32 companies are presently under liquidation. Thus, as on date, there are 78 companies which remain in the list of ‘vanishing companies’"



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