Shell companies: Illegality in functioning & regulatory frameworkhttps://latest.thedailyguardian.com/legally-speaking/shell-companies-illegality-in-functioning-regulatory-framework/September 30, 2020, 5:05 amhttps://latest.thedailyguardian.com/wp-content/uploads/2020/06/PNB.jpgLegally SpeakingThe Guwahati High Court in the case of Assam Company India Ltd and Ors v. Union of India explained the working of shell companies by stating that a ‘shell company is artificially identified with suspicious activities which include serious offences...