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Shell companies: Government may provide relief for disqualified directors

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“I look at this as a pragmatic move by the government to differentiate between companies that are black sheep and companies that are in the grey. With this the government will be able to focus its energies on companies that are truly non-compliant (rather than a) larger set of companies and directors who appear to be in the grey zone,”

Samir Paranjape
Partner, Grant Thornton India LLP

This article appeared in Live Mint on 20th December, 2017.