More than 900 companies banned by SEBI for suspected tax evasion
Q. How many firms have been banned by SEBI which are suspected to be platforms for tax evasion?- Published on 25 Jul 15
d. More than 900
ANSWER: More than 900
Suspecting tax evasion of at least 5,000 to 6,000 crore rupees, Securities and Exchange Board of India (SEBI) has clamped down on a large number of organised syndicates who had set up shops to convert black money into legitimate-looking funds through the stock market platform.