Specified foreign company status requires an Indian company to hold the minimum equity share capital interest.

Specified Foreign Company for income-tax purposes means a foreign company in which an Indian company holds at least 26 per cent of the nominal value of its equity share capital. The definition establishes the minimum Indian equity holding required for a foreign company to fall within the specified category. It is framed by reference to the Indian company's ownership interest and the nominal value of the foreign company's equity share capital.

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