Sebi bans trade in suspected shell companies. Here is the full list

Exchanges have also been asked to conduct an audit of these listed companies

Market regulator Securities and Exchange Board of India (Sebi) has directed stock exchanges to initiate action against 331 firms that it suspects are shell companies and are listed on the bourses. 

Trading in all such listed securities, Sebi said, shall be placed in Stage VI of the Graded Surveillance Measure (GSM) with immediate effect. If any listed company out of the said list is already identified under any stage of GSM, it shall also be moved to GSM stage VI directly, the order says.

Under the stage VI of GSM framework, trading in these identified securities shall be permitted only