Poonawalla fincorps
Poonawalla fincorps

Section 592

This query is : Resolved 

05 May 2011 In section 592 of companies act it is given that if foreign company having place of business in India then it required to do filing with ROC as mentioned in such section.

Whether place of business in India includes Project office established by such foriegn entity, because project office is not the permanent establishment.

06 May 2011 The concept of permanent establishment is under Income Tax Act and DTAA's and not under Companies Act,1956.

Yes any foreign project office needs to abide by provisions of sec. 592 of companies Act.



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