West Bengal dominates list of shell firms under scanner

West Bengal accounts for the largest number of companies on the list of 331 suspected shell firms, referred by income tax department and SFIO to regulator Sebi for further action.Besides, Gujarat and Delhi also account for a large number of such firms, against which the capital market regulator Sebi has recommended trading restrictions by the stock exchanges.The list was referred to Sebi by the Corporate Affairs Ministry on suspicion raised by various departments and agencies, as per the documents.These companies include Parsvnath Developers, J Kumar Infraprojects, Orissa Sponge Iron and Steel
Source: DH