https://www.taxtmi.com/forum/issue?id=106819 Whether an Indian company becomes an Overseas Corporate Body is queried where a non resident Indian holds 65% of equity but is not a director, and where that company owns two wholly owned domestic subsidiaries; the questions seek the legal provision(s) governing such classification and the specific compliance and filing obligations if the company is treated as an Overseas Corporate Body or, alternatively, what compliance applies if it is not. en-us Tue, 20 May 2014 15:50:44 +0530 Thu, 23 Jan 2025 15:57:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=106819 Whether an Indian company becomes an Overseas Corporate Body is queried where a non resident Indian holds 65% of equity but is not a director, and where that company owns two wholly owned domestic subsidiaries; the questions seek the legal provision(s) governing such classification and the specific compliance and filing obligations if the company is treated as an Overseas Corporate Body or, alternatively, what compliance applies if it is not. Discussion-Forum FEMA Tue, 20 May 2014 15:50:44 +0530 https://www.taxtmi.com/forum/issue?id=106819