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incorporation of company in india having foreign co. as subs

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 May 2011 we want to form a ltd. co. in india along with three company one from pakistan other from America and four individual from india, what extra formalities we have to follow.

Regards
Ajay Jain
Company secretary
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Pravin Gupta CS

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Pravin Gupta CS (Expert)
23 May 2011 for formulation of company outside india you have to coply the applicable laws of that state ( Country) where you want to form the company. in india you have to comply in this regard only FEMA provision - direct investment outside india.... and also pass a resolution confirming this ... resolution may be special or oridnary (u/s 372A) and Board resolution u/s 292
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CA. Anuj Gupta

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CA. Anuj Gupta (Expert)
16 June 2011 You need to check the work that indian Co wishes to do , whether the same is permitted or not.

Also there may be some issues due to Pakistan Co's shareholding. Approval from central Govt. needs to be taken.

Anuj
0-9810106211
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