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foreign company

Others 204 views 5 replies
what is the definition of a foreign company as per the act
Replies (5)
I hope your requirement is that of companies act. Section 2(42) of the Companies Act, 2013 (“the Act”) defines foreign company (“FC”) as follows:“Foreign Company” means any company or body corporate incorporated outside India which;

has a place of business in India whether by itself or through an agent, physically or through electronic mode; and

conducts any business activity in India in any other manner.
as per[ section 2 (23A) ]- foreign company means a company which is not a domestic company

as per [section 2 (22A) ] domestic company - means a Indian company or any other company which, in respect of its income liable to income tax, has made the prescribed arrangements for the declaration and payment of dividends ( including dividend on preference shares) within India, payable out of such income

for Indian company refer section 2(26)
agree with hitesh sir
foreighn company means a company which satiesfy 3 conditn
incorporate o/s india
place of bussiness in india
conduct bussiness activity in india
my reply is as per the income tax act, not as per the companies act,


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