shell company


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Related to shell company: shell corporation, Shell Oil Company

shell company

n
1. (Commerce) a near-defunct company, esp one with a stock-exchange listing, used as a vehicle for a thriving company
2. (Commerce) a company that has ceased to trade but retains its registration and is sold for a small sum to enable its new owners to avoid the cost and trouble of registering a new company
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Baghdad / National Iraqi News Agency (NINA)- Shell Company for Natural Gas in Basra has predicted that there will be a shortage in the supply process by the year 2020 unless action is taken and commitment to produce more liquefied natural gas in the near term.
The data we have got from banks are very surprising," the official said, and added that one shell company has even been found to have around 2100 bank accounts.
The reply said the exploded oil tanker was not checked at the terminal by Shell company and a fake fitness certificate of the oil tanker was used.
Despite its growing engagement in counter-terrorism efforts, Cyprus remains a major hub for shell company activity, according to the US State Department.
OGRA has held Shell company responsible for the Ahmedpur East tragedy.
Since there was no business between the real estate company and the shell company, I- Tax department suspects the money was given in return for some kind of favour.
Engineering agreement with Shell Company will be finalized in the coming weeks," Managing Director of Maroon Petrochemical Company (MPC) Rahim Sharif Mousavi said on Monday.
He termed expression of interest by Shell Company in benefiting from new opportunities of investment as good omen.
In a shell company, control of the business is exer- cised through a chain of owners or companies, obscur- ing the identity of those who ultimately profit -- the beneficial owners.
In a shell company, control of the business is exercised through a chain of owners or companies, obscuring the identity of those who ultimately profit--the beneficial owners.
shell company rules will follow steps taken by the Treasury earlier this month to curb corporate "inversion" deals in which U.