alleryStart learning →A foreign company must have what in India?
AA place of business, direct or by agent
BA registered office with Indian CIN
CA wholly owned subsidiary company
DShares listed on an Indian exchange
Answer & Solution
Correct answer: A. A place of business, direct or by agent
The definition in section 2(42) makes an Indian place of business, held directly or via an agent, the first test of a foreign company.
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