Foreign company

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 October 2015 A foreign company holds 99.9% shares in company (Say xyz pvt ltd) incorporated in India. Remaining 0.1% is held by foreign individual.
Is the company xyz pvt ltd a pvt ltd company or foreign company?

24 October 2015 PRIVATE LIMITED COMPANY. THE 'CIN' CONTAINS 'FTC' WHICH MEANS SUBSIDIARY OF A FOREIGN COMPANY FORMED AS Pvt Ltd.

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Querist : Anonymous

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25 October 2015 CIN must have been alloted at the time of incorporation na? If shares are acquired after incorporation, what would be the status?
What is the min % reqd for a company to become a foreign co?

29 October 2015 If a company is incorporated in India, it can not become Foreign Company.

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Querist : Anonymous

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29 October 2015 Thanks Pratik!


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