 "sebi on shell firms")
In a fresh clampdown on shell companies, the income tax (I-T) department has identified 2,138 firms that deposited unaccounted cash during the demonetisation period. Tax officials have found deposits of Rs 1,321 crore so far, and expect the amount to swell to Rs 5,000 crore.
The new data also have details of 3,676 directors and associated entry operators, who deposited cash in banks during the note ban period (November 8 to December 30, 2016).
According to tax officials, the fresh data include both listed and unlisted firms, allegedly associated with some of the big corporate entities, which have used these
