incorporation of company in india having foreign co. as subs

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 May 2011 we want to form a ltd. co. in india along with three company one from pakistan other from America and four individual from india, what extra formalities we have to follow.

Regards
Ajay Jain
Company secretary

Pravin Gupta CS

Pravin Gupta CS (Expert)
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23 May 2011 for formulation of company outside india you have to coply the applicable laws of that state ( Country) where you want to form the company. in india you have to comply in this regard only FEMA provision - direct investment outside india.... and also pass a resolution confirming this ... resolution may be special or oridnary (u/s 372A) and Board resolution u/s 292

CA. Anuj Gupta

CA. Anuj Gupta (Expert)
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16 June 2011 You need to check the work that indian Co wishes to do , whether the same is permitted or not.

Also there may be some issues due to Pakistan Co's shareholding. Approval from central Govt. needs to be taken.

Anuj
0-9810106211

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