More than 900 companies banned by SEBI for suspected tax evasion

Q.  How many firms have been banned by SEBI which are suspected to be platforms for tax evasion?
- Published on 25 Jul 15

a. 500
b. 600
c. 764
d. More than 900

ANSWER: More than 900
 
Suspecting tax evasion of at least 5,000 to 6,000 crore rupees, Securities and Exchange Board of India (SEBI) has clamped down on a large number of organised syndicates who had set up shops to convert black money into legitimate-looking funds through the stock market platform.

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