Shell 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.
The Sweden based company is hopeful of replicating the success it has seen in its PC business even as competition in the segment is heating up by the day.
Below is given a sentence divided in parts. Read the sentence to find out whether there is any error in it. The error, if any, will be in one p...
In the following question, one part of the sentence may have an error. Find out which part of the sentence has an error and select the appropriate opti...
A jam-packed hall in Kolkata reverberated on Jan 21, 2003, when the 11th President of India inspired thousands of school children to dream, t...
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Parts of the following sentence are given as options. Identify the segment that contains a grammatical error.
The reason for visiting Meerut wa...
Jerusalem, which houses holy places of both three Abrahamic religions and is claimed by both Israelis and Palestinians , is at the very heart of t...
The sentence below has been divided into three parts. Select the part of the sentence that has an error. If the sentence has no error, select the option...
He explained that the pillars of tribalism (1)/ that humans rely on for security would always (2)/ counter any significant culture or social change. (3)...