Trading in 12 out of 331 ‘shell’ cos. to resume in a week, says FinMin

Finance Ministry on Wednesday said that trading in about a dozen of suspected ‘shell’ companies is likely to resume in a week's time, ET Now reported. The ministry said that it has taken actions against some companies that saw a spike in trade during the note ban. MCA has identified some of the 311 suspected shell companies to be violating Income Tax rules, it said.