0 a company that does not itself do or own anything, but is used to hide a person's or another company's activities, sometimes illegal ones: --
Or ' shell companies ' may be held responsible for liabilities, while new companies are hived off to capture profits.
An elaborated variant of structural multiplication is the use of shell companies.
At the closing, the shell company issues a substantial majority of its shares and board control to the shareholders of the private company.
The shell company is a public company that has no assets or liabilities.
In its work, the association - if possible - accesses to public registers, for example, to reveal the real people behind a shell company.
It was a shell company without sufficient shareholders' equity.
Regarding the use of the power before the vesting date and the date of formation of the company, of course there are occasions when a shell company may be formed.
The answer is that it is intended at the beginning to set up a shell company and that this will take place before the appointed day.
