SIT on Black Money submits third report
Q. The SIT on Black Money team submitted its third report to the Union Ministry of Finance on 3rd November, 2015. Who is heading the SIT?- Published on 05 Nov 15a. Justice AP Shah
b. Justice MB Shah
c. Justice KB Shah
d. None of the above
ANSWER: Justice MB Shah
SIT on Black Money on 3rd November 2015 presented its third report to the Union Ministry of Finance. The SIT is headed by Justice MB Shah and the report dealt with shell companies and beneficial ownership.The SIT’s findings were that over 2600 persons are directors on more than 20 companies and at least 20 companies are operating from the same address at 345 places which indicate the violation of Companies Act, 2013.
