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Oman clamps down on fake shares scam
June 16, 2019 | 11:07 PM
by Times TV
 
Sharelines

To combat hidden trade, Ministry of Commerce and Industry urges companies to provide documentation in the transfer and sale of shares.

“Companies must provide documentation of their effectiveness in the transfer and sale of shares in order to reduce hidden trade and the sale of commercial registers.” - Ministry of Commerce and Industry

The Ministry revealed a number of commercial registers owners who open more than one register and sell without doing any business

Or it is done for the purpose of obtaining manpower license.





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