Foreign cos, arms may be allowed non-resident chiefs

Ministry considering new provision in company law

Conditions apply

  • At least one director will have to be a resident
  • Disclosure norms like that of domestic entities
  • Silent on ‘place of business’ and winding up of businesses
The report mentions

A special chapter, which is being dedicated to foreign companies, suggests various regulations to be followed by such entities, including maintenance of accounts, filing of accounts with Registrar of Companies, cost audit, inspection, investigation, registration of charges, and creating debenture trusts. These provisions will be applicable to both foreign companies and those incorporated in India.

Click here to read more

Be my friend on StumbleUpon My StumbleUpon Page


Regards,

Santosh Puthran

Do you like to remain updated in Accountancy?Subscribe to Management Accountant by Email

You may also like to read

  1. IFRS 8 - Segmental Reporting
  2. Management Accounting Guidelines of CMA Canada
  3. Activity Based Costing
  4. Full Cost Accounting
  5. Cost Audit Awareness in India
  6. SAP EC 5.0 training
  7. NPPA moots online check as remedy for overpricing
  8. Books on Audit
Post a Comment

Amazon

Popular posts from this blog

Throughput Accounting

Learning Curve Theory

Resistence to Change - Approaches of Kotter and Schlesinger