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 insolvency eco-system, a senior official told FE. The move comes amid apprehensions that some of the disqualified directors of shell companies may try to get a backdoor entry into the corporate system by applying for the licences of IPs. As part of its battle against channels of black money following demonetisation, the government has disqualified at least …
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