Qualifying company status requires Indian incorporation, Indian place of effective management, ship ownership, and shipping as main object. A qualifying company for tonnage income must satisfy four cumulative criteria: be an Indian company, have its place of effective management in India, own ... Summary
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Qualifying company status requires Indian incorporation, Indian place of effective management, ship ownership, and shipping as main object.
A qualifying company for tonnage income must satisfy four cumulative criteria: be an Indian company, have its place of effective management in India, own at least one qualifying ship, and have as its main object operating ships; the place of effective management is where the board or, where applicable, executive directors or officers make or perform substantive commercial and strategic decisions.
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