BSE delist 222 companies from July 07, 2018

Leading stock exchange BSE will delist as many as 222 companies from Wednesday as trading in their shares has remained suspended for over six months. The move comes at a time when authorities are clamping down on shell companies—listed as well as unlisted—for being allegedly used as conduits for illicit fund flows. In August last year, Sebi had directed exchanges to act against 331 suspected shell companies, while the government has already deregistered more than 2 lakh firms that have not been carrying out business activities for long. In a circular, the BSE said, “210 companies that have remained...

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