Shell companies are intrinsic to the global and Indian economy, but they require a high level of oversight to prevent them from becoming conduits for illicit financial flows

Tax havens have powerful backers; they include big nations including the UK and the US, reputed international bankers, accountants, law firms and many others which makes it difficult to discipline them

Sensex Live updates: After recovering from multi-year lows, BSE Sensex ended 1,325 points higher at 34,103 and Nifty closed 433 points higher at 10,023.

Stocks to watch today on March 13: PVR, Arvind Fashions, Lakshmi Vilas Bank, Coal India among others are the top stocks to watch out for in Friday's trading session

Insolvency professional has in the last four years emerged as a new practice area for many women who are either chartered accountants, company secretaries or cost accountants. But unlike a CA or a CS, the role of insolvency professional is multi-faceted and much more challenging

According to experts and officials, this was the first-ever liquidation order for any company embroiled in fraud schemed by Modi-Choksi before they fled the country

UV Asset Reconstruction Company has placed bids worth Rs 14,700 crore for assets of RCom and Reliance Telecom, while Mukesh Ambani's Reliance Jio has made an offer of Rs 4,700 crore for tower and fibre assets of Reliance Infratel

In July, the NCLT had allowed the plea of the Ministry of Corporate Affairs (MCA) to implead the auditors and independent directors of a subsidiary of IL&FS

IVRCL, that owed more than Rs 14,000 crore to financial and other creditors, was under liquidation as a going concern following an order by the National Company Law Tribunal (NCLT), Hyderabad bench

This development will provide a huge relief to over 20,000 homebuyers across various housing projects launched by Jaypee Infratech (JIL) in Noida and Greater Noida (Uttar Pradesh)

HDFC Bank, the largest private bank in India, pads up for its first major leadership transition as growth momentum speeds up

Reliance had jointly with JM Financial Asset Reconstruction bid for acquiring Alok Industries that was auctioned under the insolvency and bankruptcy law by lenders to recover their unpaid loans

NCLT's order to initiate insolvency proceedings against Flipkart has been set aside by NCLAT

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In a far-reaching verdict, NCLAT says insolvency resolution process should be on project basis, and that homebuyers (financial creditors) or financial institutions or operational creditors of a project can't file a claim before interim resolution professional of another project, and such claimcan't be entertained

JSW Steel is keen to de-risk the acquisition as it has an expansion plan on cards, besides the company is facing unprecedented challenges in the steel market

According to sources, Reliance Communications' (RCom) committee of creditors (CoC) will vote on asset bids (received from UVARC and Reliance Jio) from which the lenders are likely to recover nearly Rs 23,000 crore

JSW Steel's steelmaking capacity will increase to 21.5 MT from 18 MT post Rs 19,700 crore acquisition of Bhushan Power and Steel

Trai suggested that both the number of subscribers as well as AGR should be considered for determining the market share in case of services like access, internet and VSAT

According to legal sources, Tata's letter to Pallonji Mistry is part of the affidavit filed by Mistry in the Supreme Court. In the letter, Tata said that he values the contribution of Mistry