FOREIGN COMPANY ESTABLISHMENT AND COMPLIANCES UNDER COMPANIES ACT 2013

FOREIGN COMPANY ESTABLISHMENT AND COMPLIANCES UNDER COMPANIES ACT 2013 As Per Section 2 (42) Foreign company is a company or body corporate incorporated outside India which (a) has a place of business in India whether by itself or through an agent, physically or through electronic mode; and (b) conduct any business activity in India in any other manner Simple definition give understanding that even a company incorporated outside India, has simple electronic present, which may be used for business in India is a foreign company Note: # Share transfer or share registration office will be treated as a ‘place of businesses. # It was held that ‘established place of business’ means a permanent and specific location from where business is carried on regularly. If foreign company had no established place of business at the time of signing the contract, the company is not governed by restriction under Act. Mere appointment of constituted attorney for purpose of