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1 - 3 of 3 (0.19 seconds)The Companies Act, 1956
Assam Company India Ltd. And Anr vs The Union Of India And 2 Ors on 7 March, 2019
(j) In Assam Company India Ltd. and Ors. vs The
Union of India & Ors. Manu/GH/01542/2019 the
Gauhati High Court held that there is no statutory
definition of a shell Company in any laws of India.
However, in popular parlance, a shell company is
artificially identified with dubious activities
concerning serious economic offences such as tax
evasion, money laundering, benami transactions,
conversion of black money into white, round-
tripping with host of other associated offence. No
such finding has been given by the respondent
except that the appellant company is not carrying
out any production activities since September
2000.
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