https://www.taxtmi.com/acts?id=15816 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. en-us Fri, 23 Dec 2011 16:48:33 +0530 Fri, 23 Dec 2011 16:48:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15816 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. Act-Rules Bills Fri, 23 Dec 2011 16:48:33 +0530 https://www.taxtmi.com/acts?id=15816