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!
SSGS and Associates
Chennai
CA Inter
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