Place of effective management determines company residency; companies are resident if Indian company or POEM is in India. A company is resident in India if it is an Indian company or if its place of effective management in that year is in India; "place of effective ... Summary
Place of effective management determines company residency; companies are resident if Indian company or POEM is in India.
A company is resident in India if it is an Indian company or if its place of effective management in that year is in India; "place of effective management" means the place where key management and commercial decisions necessary for the conduct of the entity's business as a whole are, in substance, made.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.