Foreign co.
This query is : Resolved
CA Vijay Kumar Singhal
(Querist)
22 February 2016
Kindly resolve my query regarding compliance under companies act on the basis of following facts:
1. One Foreign co. with origin in Singapore opened a representative office in Mumbai in 2007 & got registered itself as branch office of foreign co. in ROC. This company never performed any business activities in India. So what are the statutory compliances in
respect of such company?
2. Same foreign co. started a private limited co. in Delhi in the year 2009 with one Singapore Director & one Indian Director with all
shareholding of Foreign Co. This company procures the goods from its parent co. factory in China & trades all through India by
itself & through its dealers. Now what will be the status of this company Indian or Foreign? What will be residential status of co.
in terms of place of effective management because Singapore Director operates from outside India all the time & Indian Director also remains outside
India most of the times?
1. One Foreign co. with origin in Singapore opened a representative office in Mumbai in 2007 & got registered itself as branch office of foreign co. in ROC. This company never performed any business activities in India. So what are the statutory compliances in
respect of such company?
2. Same foreign co. started a private limited co. in Delhi in the year 2009 with one Singapore Director & one Indian Director with all
shareholding of Foreign Co. This company procures the goods from its parent co. factory in China & trades all through India by
itself & through its dealers. Now what will be the status of this company Indian or Foreign? What will be residential status of co.
in terms of place of effective management because Singapore Director operates from outside India all the time & Indian Director also remains outside
India most of the times?
CS Divesh Goyal
(Expert)
28 February 2016
Mr. Vijay drop me mail on csdiveshgoyal@gmail.com
I will mail you complete list of compliances of the same.
I will mail you complete list of compliances of the same.
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