Foreign company
This query is : Resolved
29 February 2012
A Chinese Company is holding 99.99% shareholding in an Indian company (Incorporated in Kolkata) so in this case whether the Indian Company will be considered as " Foreign Company ".
If it will be considered as foreign company then apart from Section 592 to 602 will any other sections will be applicable as a foreign company.
If it will be considered as foreign company then apart from Section 592 to 602 will any other sections will be applicable as a foreign company.
29 February 2012
No, Even if it holds 100% holding in the Indian Company, Indian Company since incorporated in the laws of India it will always be treated as Indian Company. Pre-requisite to be called foreign company is that the company should be registered in laws outside india.....
Message likes :
1 times
01 March 2012
Agree with Expert.
Message likes :
1 times
01 March 2012
Firstly Company is establish in india under company Act 1956. A Company can not sell his hold more than 51% to foreign company. E.g Wall-Mart case
01 March 2012
Dear Ravi
Their are lots of sector in which 100% FDI is permitted like, petroleum, NBFC, Development of township, print media etc....
Their are lots of sector in which 100% FDI is permitted like, petroleum, NBFC, Development of township, print media etc....
Message likes :
1 times
02 March 2012
Agree with expert...
100% shareholding by a foreign company is permitted in India.
100% shareholding by a foreign company is permitted in India.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- Average Cost Of High Quality Diamonds
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
