Crackdown on shell companies: Government to tighter norms for insolvency professionals on anvil – Financial Express

Move aimed at preventing at least 3 lakh disqualified directors of shell companies from entering the insolvency eco-system. Amid a crackdown on directors of shell companies, the government is considering to further tighten the scrutiny of candidates applying for the licences of insolvency professionals, in a bid to prevent unscrupulous elements from entering the critical…