Indian ownership control triggers domestic company law treatment for foreign companies operating business in India. Where not less than fifty per cent. of the paid-up share capital of a foreign company is held by one or more citizens of India or by one or more companies or bodies corporate incorporated in India, whether singly or in the aggregate, such company shall comply with the provisions of this Chapter and such other provisions of this Act as may be prescribed with regard to the business carried on by it in India as if it were a company incorporated in India.