Friday, April 28, 2023

Foreign company

 

Foreign company  mentioned  in two places  in Companies Act, 2013 

Section 234  explanation to sub section 2

Explanation.—For the purposes of sub-section (2), the expression “foreign company” means any company or body corporate incorporated outside India whether having a place of business in India or not.

 Section 2  clause 42  definition of foreign company

(42) "foreign company" means any 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) conducts any business activity in India in any other manner.

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