TMI BlogApplication of Act to foreign companiesX X X X Extracts X X X X X X X X Extracts X X X X ..... re not less than fifty per cent of the paid-up share capital, whether equity or preference or partly equity and partly preference, of a foreign company is held by one or more citizens of India or by one or more companies or bodies corporate incorporated in India, or by one or more citizens of India and one or more companies or bodies corporate incorporated in India, whether singly or in the aggreg ..... X X X X Extracts X X X X X X X X Extracts X X X X
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