Sensex, Nifty trim losses on likely respite to some shell companies

Sensex, Nifty trim losses on likely respite to some shell companies

Wednesday, August 09, 2017


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Government sources told CNBC-TV18 that market regulator SEBI may issue notification soon to give respite to certain shell companies.

The regulator is likely to allow trading in about 12 companies once they explain their position and the trading may resume in a week.

Shell companies may be asked to submit documents to prove their stand.
Action against some companies taken due to spike in trade during demonetisation and violation of income tax rules.

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