Foreign company

This query is : Resolved 

29 February 2012 A Chinese Company is holding 99.99% shareholding in an Indian company (Incorporated in Kolkata) so in this case whether the Indian Company will be considered as " Foreign Company ".

If it will be considered as foreign company then apart from Section 592 to 602 will any other sections will be applicable as a foreign company.

29 February 2012 No, Even if it holds 100% holding in the Indian Company, Indian Company since incorporated in the laws of India it will always be treated as Indian Company. Pre-requisite to be called foreign company is that the company should be registered in laws outside india.....

01 March 2012 Agree with Expert.


01 March 2012 Firstly Company is establish in india under company Act 1956. A Company can not sell his hold more than 51% to foreign company. E.g Wall-Mart case

01 March 2012 Dear Ravi


Their are lots of sector in which 100% FDI is permitted like, petroleum, NBFC, Development of township, print media etc....

02 March 2012 Agree with expert...

100% shareholding by a foreign company is permitted in India.



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