TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Foreign companies with 50%+ Indian-owned share capital must follow Sections 380-386 rules as if locally incorporated in India</h1> Sections 380 to 386 (inclusive) and sections 392 and 393 apply to all foreign companies, requiring compliance with the specified provisions governing foreign companies. Where not less than fifty per cent of a foreign company's paid-up share capital (equity, preference, or partly both) is held, singly or in aggregate, by Indian citizens and/or companies or bodies corporate incorporated in India, the foreign company must comply with the provisions of Chapter XXII and such other provisions of the Act as may be prescribed in relation to business carried on in India as if it were a company incorporated in India, thereby extending domestic-company compliance obligations to such foreign companies for their Indian operations.
TaxTMI 
TaxTMI 
