In an attempt to fight black money and money laundering, the Ministry of Corporate Affairs (MoCA), Central government has released the third list of 'Name and Shame' disqualifying two lakh ‘fake’ directors in shell companies or non-trading entities. On Sept 1, the Centre had released two lists, reports Kannada Prabha.
In the current list, there are 20,924 names from the State who have been disqualified. The list consists of companies and their directors who have not submitted the details of their fiscal transactions for the last two years, a violation of the Section 164(2) (a) under Companies Act, 2013. They will be considered as struck-off companies and their directors disqualified.
Major names from Karnataka are: Jagadish Sugars – Shilpa Shettar, Sankalpa Shettar, Prashanth Shettar (members of former chief minister Jagadish Shettar’s family), Lakshman Rao Jarkiholi Sugars – Ramesh Jarkiholi, Lakkanna Jarkiholi, Lakshmana Rao Jarkiholi, Bhimashi Jarkiholi, Suvarna Jarkiholi (Minister Jarkiholi’s family), Royal Sugars Ltd – Ravikantha Patil, Beereshwara Marketing’s Annasaheba Jolle, Quality Property Management’s Leandar Paes, tennis player, ALV Projects Nandini Alva, Priyanka Oberoi (Jeevaraj Alva family), JH Patel Hotels India Pvt Ltd Mahima Patel (Former chief minister JH Patel family).