is funds shown as foreign or domestic private equity investment by suspected shell firmsthe suspected firms are being asked to explain these links and all suspicious dealingssome of these firms have shown on their books contracts that are not related to any actual work and could have been mentioned just to inflate turnover while a few of them are already barred by various authorities across the countrythe last weeks action on suspected 331 listed firms has already been followed up with sebi asking exchanges and brokers to verify credentials of 107 unlisted entities and bar them from trading if results are found unsatisfactorythis list also mostly includes entities supposed to be engaged in real estate plantation trading and finance related businessesthese lists were shared with sebi by the ministry of corporate affairs and are based on ongoing investigations by various agencies including the income tax department and sfiothese companies need to provide auditor certificates annual income tax return filings status of any pending disputes with the income tax department and status of compliance with all the requirements of the companies act