Unpaid shares’ in Dubai, BVI companies may come back to haunt many Indians0

• Market, Stock Market
• September 5, 2022

Mumbai: An old, handy practice popularised by tax havens and sold by leading European banks is coming back to haunt many Indian businessmen. Hundreds of them may be in for a nasty surprise for ‘owning’ companies in Dubai and other jurisdictions like the British Virgin Islands (BVI) by subscribing to shares without paying for the