Keeping a watchful eye: RoC to register passport details of India Inc brass

The ministry had envisaged the system to spot wrongdoing in shell companies

The Ministry of Corporate Affairs (MCA) is planning to ask the promoters and directors of all companies to register their passport details with the registrar of companies (RoCs).

The move is aimed at preventing those with charges against them from fleeing the country.

“We are planning a move to ask for passport details,” a key ministry official said. The plan comes after diamond merchant Nirav Modi left the country when cases against him and his companies are pending. Earlier, Vijay Mallya, an industrialist in the liquor business, fled even as cases against him are on in India.

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