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Question
Explain the following term/concept.
Foreign company
Solution
(1) A foreign company means a company incorporated (registered) outside India but having a place of business in India, e.g. Bata India Limited. Nestle India Limited, Whirlpool Corporation, etc.
(2) Within 30 days of the establishment of the business in India, a foreign company has to furnish to the Registrar the different documents such as charter, statute, Memorandum and Articles of Association of the company, the full address of the Registered office, list of directors, etc.
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