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MCA seeks more details from companies to put a check on shell firms

Experts say the move would increase the compliance burden on companies and be good for the economy in the long run

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Every company incorporated till December 31, 2017, has to disclose its particulars and registered office in a new return, a move aimed at tightening the noose around shell firms.   Experts say the move would increase the compliance burden on companies and be good for the economy in the long run.   Companies will have to give details of their location, photographs of their registered office, displaying external and inside portions, and also show at least one director.   All these would help authorities identify cases of multiple shell companies using one ...