Forign company

Foreign company:

It means any company incorporated outsiders india which has an established placed of business in india.where a minimum of 50 % of the paid up share capital of a foreign company is held by one or more citizens of india or/ and by one or more bodies corporate in corporatedin india.

Rules applicable to foreign companies:

Apply to foreign companies the provisions contained in these sections are as follows:

1.documents.

2.accounts.

3.obligations.

4.service of documents on foreign company.

5.office wheredocuments to be delivered.

6.penalty.

7.registration of charges.

8.requirements as to prospectus.

Winding up of foreign company:

Where a foreign company, which has been carrying on business in india, ceases to carry on such business in india. It may be wound up as on unregistered company under company act.