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Start learning 50% faster. Sign in nowShell companies can be used to transfer assets of one company onto a new company without having the liabilities of the former company. Shell corporations have been used to commit fraud, by repeatedly creating an empty shell corporation with a name similar to existing real corporations, then running up the price of the empty shell and suddenly selling it (pump and dump). There are also shell companies that were created for the purpose of owning assets (including tangibles, such as a real estate for property development, and intangibles, such as royalties or copyrights) and receiving income. Reasons behind creating such a shell company may include protection against litigation and/or tax benefits (some expenses that would not be deductible for an individual may be deductible for a corporation). Sometimes, shell companies are used for tax evasion or tax avoidance. A shelf corporation, shelf company, or aged corporation is a company or corporation that has had no activity. It was created and left with no activity – metaphorically put on the "shelf" to "age". The company can then be sold to a person or group of persons who wish to start a company without going through all the procedures of creating a new one.
Identify the Organisation from the passage given below.
It was created in 1944, as the International Bank for Reconstruction and Development (...
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1. Swaps are typically short term, whereas futur...
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Spot rate: 1 USD = R...
The rupee denominated bond issued outside India by Indian entities. They are debt instruments help to raise money in local currency from foreign invest...
The settlement of which of the following instruments is facilitated by Clearing Corporation of India Limited (CCIL)?
The process in which certain types of assets are pooled so that they can be repackaged into interest-bearing securities is called: