CA Inter P2 · Chapter 10 · Question 1 of 6
Under section 2(42), which of the following is a 'foreign company'?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) A company incorporated outside India that has a place of business in India, whether by itself, through an agent, physically or through electronic mode, and conducts business activity in India
Explanation
Section 2(42) defines a foreign company as a company or body corporate incorporated outside India which has a place of business in India by itself or through an agent, physically or through electronic mode, and conducts any business activity in India in any other manner. A company incorporated in India is never a foreign company, regardless of who owns its shares.
More Companies Incorporated Outside India MCQs
- Q3Under section 380(1), a foreign company must deliver the prescribed documents to the Registrar for registration within:
- Q4Which of the following is a requirement of section 382 for a foreign company?
- Q5A foreign company has not filed the documents required under Chapter XXII. It entered into a supply contract in India and now wishes to…
- Q6For the purposes of Chapter XXII, section 386 provides that the expression 'place of business' includes: