Hi Hugo ,
Thanks for your clarification
How can one find out your UNIQUE three word combination for a
given postal address ?
Eg:
·
My residence postal address is :
901 , Indrayani Building ,
Adjoining Sardar Patel garden , Lallubhai Park Road (east ) , Andheri ( west )
, Mumbai 400059 , India
·
My office address is :
A 301 , Hyde Park , Saki
Vihar Road , Powai , Andheri ( East ) , Mumbai 400058 , India
This will help me suggest to
the Indian govt authorities , use of your system
Regards,
hemen
From: Hugo from
what3words [mailto:hugo.winn@what3words-1cd9e0d715ed.intercom-mail.com]
Sent: Monday, September 17, 2018 4:52 PM
To: hcp@recruitguru.com
Subject: Re: I HAVE A QUESTION
Sent: Monday, September 17, 2018 4:52 PM
To: hcp@recruitguru.com
Subject: Re: I HAVE A QUESTION
|
Hi Hemen,
Thanks for this
information and pointing out this important problem!
We have given every 3x3m in the world a unique 3 word address, what people choose to do with these addresses is up to them, so it is possible that more than one person can inhabit or use a 3 word address, they are not registered to individuals or organisations.
Does this help?
Best wishes,
Hugo |
|||||
|
|||||
|
On Wed, Sep 12, 2018 at 10:44 AM, "Hemen Parekh
parekh" <hcp@recruitguru.com>
wrote:
Dear Hugo,
Following news
appeared a few days back
Problem ( in nut
shell ) :
In India , dozens
of FAKE companies , use identical / same , POSTAL ADDRESS as their “
Registered Office “
This is one CLUE
to suspect that these are FAKE companies
But can a 3M x 3M
square be given a SINGLE three word location using What3Words ?
Or is it so that ,
a dozen persons , occupying that same square ( of office space ) can each
give it , a different 3 word combination ?
With regards,
hemen
Companies may soon
have to geo-tag their registered offices in the statutory filings with the
Registrar of Companies (RoC), as the government seeks to prevent fraud by
tightening regulatory systems.
Geo-tagging, or
attaching data of the exact location of the office, will allow the online
return filing system to alert government officials wherever it detects far
too many companies are registered in the same premises, a trend noticed in
past investigations into fraudulent companies.
“This will help us
identify instances of one building being used by hundreds of shell companies
as their registered office or of companies citing vacant plots as their
registered office address.
It will serve as
an early warning system for detecting mushrooming of shell companies,”
minister of state for corporate affairs P.P. Chaudhary said in an interview.
“ We are seriously
thinking of introducing this requirement.”
With this move,
the ministry seeks to prevent abuse of the corporate structure by companies
that inflate costs by issuing fake invoices and laundering unaccounted wealth
in the form of loans or equity through bogus transactions.
Many companies
that exist only on paper with the same address were found in the past
offering what is referred to as “accommodation entries” or bogus transactions
without commercial substance.
A special
investigation team led by Justice M.B. Shah, a former judge of the Supreme
Court, in 2015 highlighted the role played by such entities in money
laundering.
The coordinates of
the registered premises will act as a key input for mining data in the
ministry’s IT infrastructure, called MCA21, to zero in on companies with a
common address, common contact numbers, common directors and sudden and
unexpected changes in revenue, etc. that may warrant a closer look into their
affairs.
The idea is to
seek the coordinates of the registered office at the time of incorporation in
the case of new companies and at the time of filing annual returns in the
case of existing ones.
“Over a period of
time, the disclosure and transparency requirements for companies have
increased. Geo-tagging will certainly help in identifying clusters of
companies with the same address,” said Amit See page 14
|
No comments:
Post a Comment