What is the Sebi order against the suspected shell companies? Stage VI is the highest stage of surveillance. In July 2015, the Special Investigation Team (SIT) on black money had recommended proactive mining of the Registrar of Companies (RoC) database to weed out shell companies. This is probably the first time that Sebi has issued a circular naming so many companies as suspected shell companies. According to the BSE, the total public float of the 331 companies is Rs 12,000 crore.

Source: Indian Express August 09, 2017 18:48 UTC