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        Corp. Laws, SEBI & IBC

        Revenue Earned from Foreign Companies

        August 12, 2016

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        The details of the revenue earned by the Government through registration of the foreign companies during each of the last three financial years are as under:-

        S. No.

        Year

        Revenue earned through registration of the foreign companies (Rs. In Lakh)

        1

        2013-14

        36.90

        2

        2014-15

        47.66

        3

        2015-16

        37.56

        Total

        122.12

        Information on employment generated by foreign companies is not maintained by the Government.

        This was stated by Shri Arjun Ram Meghwal, Minister of State in the Ministry of Corporate Affairs in written reply to a question in Lok Sabha today.

        Revenue from foreign company registrations reported as a government income stream; employment impact data not maintained. Revenue from foreign company registrations constituted a quantifiable government income stream across the referenced period, with year-by-year receipts and an aggregate total reported; the government confirmed it does not maintain or report information on employment generated by those foreign companies.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Revenue from foreign company registrations reported as a government income stream; employment impact data not maintained.

                                Revenue from foreign company registrations constituted a quantifiable government income stream across the referenced period, with year-by-year receipts and an aggregate total reported; the government confirmed it does not maintain or report information on employment generated by those foreign companies.





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                                Topics

                                ActsIncome Tax
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