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COMPANIES INCORPORATED OUTSIDE INDIA - Proposed Amendments in the Companies Act 2013

News and Press Release - Dated:- 2-2-2016 - Application of Act to Foreign Companies 20.1 Section 379 of the Act provides that where not less than fifty percent of the paid-up share capital of a foreign company is held by one or more citizens of India, or companies/body corporates incorporated in India, such companies shall comply with the provisions of Chapter XII, and other provisions of the Act, as may be prescribed, with regard to the business carried on by it in India, as if it were a compan .....

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