It is examining another 809 listed companies, found untraceable by SEBI , to check their status, existence of their offices and directors, the minister said. "Our purpose is to increase compliance so that investors' confidence increases in Indian companies," Chaudhary said. We will have to curb shell companies if we want to increase confidence of investors in India. "The final list of disqualified directors may touch up to 450,000," Chaudhary said. "To be proactive it is necessary that we develop artificial intelligence."

Source: Economic Times October 24, 2017 07:30 UTC