Foreign Ownership and Compliance for Private Limited Company

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Shareholder
167 Points Posted on 05 January 2024

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

 

 

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On 05 January 2024 at 11:45 Report
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Quick Summary
This discussion clarifies the rules surrounding foreign ownership of Indian Private Limited companies. It specifically addresses when a company is considered foreign-owned, particularly when a UK-based individual inherits a majority shareholding (52%). The conversation also delves into how such a change in ownership affects the company's compliance and filing obligations in India.

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Profession
28271 Points Posted on 06 January 2024
Foreign ownership UK 52% rest any other issue.
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On 06 January 2024 at 16:43
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Shareholder
167 Points Posted on 09 January 2024

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!

 

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On 09 January 2024 at 10:06

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