1- A friend who is based abroad in UK is inheriting 52% shares of a Private Limited company from his parents. At what percentage of shareholding ownership is a PVT LTD. company in India called Foreign Owned?
2- How does compliance requirements and filing requirements change for this company in this situation?
Thank you for helping clarify this.
Regards
hello Sir,
Thank you for your message. I did not understand the specific response. Does this change anything for filing purpose if the majority shareholder is not an Indian resident and NRI?
Thank you!
T R SOOD & CO
New Delhi
CA Inter
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Shyam Joshi & Associates
Pune
B.Com
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