On 10 February 2017, the Indian Ministry of Finance issued a release announcing that harsh punitive actions will be taken against deviant shell companies (those used in money laundering and tax-evasion). Actions include the freezing of bank accounts, the striking off the names of dormant companies, and the invocation of the Benami Transactions (Prohibition) Amendment Act, 2016 (BTP Amendment Act). The release also notes that a task force has been set-up under the co-chairmanship of the Reven…