India and South Asia have the most firms with circular ownership concerns like hidden shareholders in a company, indicating risky shell companies that may warrant a targeted investigation. “India is characterised by high complexity in corporate governance structures, which are often opaque and characterised by substantial family ownership, including pyramidal arrangements and cross holdings”, said the Moody’s industry practitioners.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.