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Promoters converting shell cos into LLPs to escape govt crackdown

By Aman Malik

  • 21 Aug 2018
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Promoters converting shell cos into LLPs to escape govt crackdown
Credit: Thinkstock

Amid a sustained government crackdown on shell companies, several promoters are converting such firms into limited liability partnerships (LLPs) in a bid to fly under the radar, a top Ministry of Corporate Affairs (MCA) official told VCCircle. While not a legal term, shell companies are those which exist only on paper ......

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