A foreign company is a company, which is incorporated in a country outside India under the law of that other country and has a place of business in India. There are two types of Foreign Companies namely, after April 1, 1956 companies incorporated outside India have established a place of business in India. Companies incorporated outside India, which have established a place of business in India before that date and continue to have an established place of business in India.
Foreign Company Registration
Company can set up business operation in India after taking permission from RBI through Liaison Office/Representative Office, Project Office or through Branch Office, but they need to follow certain procedure. In India, Foreign Company is having business place, then they need to give local agents name and address within 30 days of establishment to the registrar. It is essential to file all the required documents. Under the New Companies Act, 2013 foreign companies need to be incorporated through alliance with Indian partners means joint ventures or wholly owned subsidiaries. Registration of foreign companies offers legal support in case of any conflict.