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        Case ID :

        Registration of Foreign Companies Under Atmanirbhar Bharat Mission

        December 11, 2021

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        The Government announced several measures under the Atmanirbhar Bharat package with the aim of making the country self-reliant and to strengthen domestic manufacturing to compete in global supply chain. Some of the key aspects are: special economic and comprehensive package of ₹ 29.87 lakh crore, ₹ 3 lakh crore Emergency Working Capital Facility for Businesses, ₹ 45,000 crore Partial credit guarantee Scheme 2.0 for Liabilities of NBFCs/MFIs, ₹ 1 lakh crore Agri Infrastructure Fund for farm-gate infrastructure, launch of the PM GatiShaki - a National Master Plan for multi-modal connectivity, reducing compliance burden on citizen and business to simplify, decriminalize & remove redundant laws, a liberal and transparent policy for attracting Foreign Direct Investment (FDI), launch of the National Single Window System (NSWS) and Production Linked Incentive (PLI) Scheme in 14 different sectors.

        Under PLI Scheme, 292 companies have been approved across sectors till date. There is no concept of registration under Atmanirbhar Bharat. However, there are 111 number of foreign companies which have established their place of business in India from 13.05.2020 till 30.11.2021 under the provision of section 380 of the Companies Act, 2013.

        FDI Data is not maintained separately under Atmanirbhar Bharat. However, since announcement of the package, total FDI inflow into the country is as under:

        Sl. No.

        Period

        FDI Inflows#

        (Amount in US$ billion)

        1.

        01 June 2020 to 31Mar 2021

        73.442

        2.

        01 April 2021 to 30 Aug 2021

        36.360

        # Data is provisional, subject to reconciliation with RBI.

        This information was given by the Minister of State in the Ministry of Commerce and Industry, Shri SomParkash, in a written reply in the Rajya Sabha.

        Registration of foreign companies clarified: no separate Atmanirbhar registration; some firms established place of business under Companies Act. The Atmanirbhar Bharat package does not create a separate registration regime for foreign companies; several stimulus measures and a Production Linked Incentive scheme were announced, and a number of foreign companies established a place of business in India under the Companies Act provision during the stated period. Reported FDI inflows since the package announcement are presented as provisional and subject to reconciliation with the Reserve Bank.
                          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.

                                Registration of foreign companies clarified: no separate Atmanirbhar registration; some firms established place of business under Companies Act.

                                The Atmanirbhar Bharat package does not create a separate registration regime for foreign companies; several stimulus measures and a Production Linked Incentive scheme were announced, and a number of foreign companies established a place of business in India under the Companies Act provision during the stated period. Reported FDI inflows since the package announcement are presented as provisional and subject to reconciliation with the Reserve Bank.





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                                ActsIncome Tax
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