Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
  • Asia Cup 2025
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
Trending:
  • PM Modi in Manipur
  • Charlie Kirk killer
  • Sushila Karki
  • IND vs PAK
  • India-US ties
  • New human organ
  • Downton Abbey: The Grand Finale Movie Review
fp-logo
India has 3,291 active foreign companies: Centre
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
  • Home
  • India
  • India has 3,291 active foreign companies: Centre

India has 3,291 active foreign companies: Centre

Press Trust of India • August 1, 2022, 19:22:28 IST
Whatsapp Facebook Twitter

In a written reply to the Lok Sabha, he also said the corporate affairs ministry is not considering cancelling the registration of inactive overseas companies

Advertisement
Subscribe Join Us
Add as a preferred source on Google
Prefer
Firstpost
On
Google
India has 3,291 active foreign companies: Centre

New Delhi: There are 3,291 foreign companies that are active out of the 5,068 such companies registered in the country, Union Minister Rao Inderjit Singh said on Monday. In a written reply to the Lok Sabha, he also said the corporate affairs ministry is not considering cancelling the registration of inactive overseas companies. The corporate affairs ministry is implementing the Companies Act, 2013. Companies operating in the country are registered under this Act. “There are 3,291 number of foreign companies having active status. Foreign companies are registered by Registrar of Companies (RoC), Delhi after approval is given by RBI. There are 5,068 foreign companies registered as on 27.07.2022,” the Minister of State for Corporate Affairs said. Generally, active companies are those that are regular in making statutory filings under the Act and complying with various requirements. He also said that there are 1,777 foreign companies that have closed their place of business in India. Responding to a query, the minister said that registered foreign shell companies are not defined under the provisions of the Act. “However, foreign companies are defined under the provisions of section 2(42) of the Act, according to which a company or body corporate incorporated outside India which has a place of business in India whether by itself or through an agent, physically or through electronic mode and conducts any business activity in India in any other manner is a foreign company,” Singh noted. Companies incorporated outside India can close their places of business in India due to reasons, such as cessation of operation of branch office/ rental agreement and expiration of validity granted by the Reserve Bank of India (RBI). In a separate written reply, the minister said that as of date, the Serious Fraud Investigation Office (SFIO) has been asked to probe 119 cases from 2017-18 onwards. Securities and Exchange Board of India (SEBI) has informed that it has not identified any listed company that has committed corporate fraud during 2020-21, 2021-22 and 2022-23 up to 30 June this year, he added. Read all the Latest News , Trending News ,  Cricket News , Bollywood News , India News and Entertainment News here. Follow us on Facebook, Twitter and Instagram.

Tags
parliament Monsoon session Rao Inderjit Singh foreign companies in India
End of Article
Latest News
Find us on YouTube
Subscribe
End of Article

Impact Shorts

'New dawn': PM Modi meets Manipur violence victims in first visit since 2023 unrest

'New dawn': PM Modi meets Manipur violence victims in first visit since 2023 unrest

Prime Minister Modi visited Churachandpur, Manipur, meeting displaced people from ethnic clashes. Modi laid foundation stones for 14 development projects worth over ₹7,300 crore in Churachandpur. Opposition criticized Modi's visit as "too little, too late" and questioned its impact on healing wounds.

More Impact Shorts

Top Stories

Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?

Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?

As Russia pushes east, Ukraine faces mounting pressure to defend its heartland

As Russia pushes east, Ukraine faces mounting pressure to defend its heartland

Why Mossad was not on board with Israel’s strike on Hamas in Qatar

Why Mossad was not on board with Israel’s strike on Hamas in Qatar

Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe

Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe

Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?

Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?

As Russia pushes east, Ukraine faces mounting pressure to defend its heartland

As Russia pushes east, Ukraine faces mounting pressure to defend its heartland

Why Mossad was not on board with Israel’s strike on Hamas in Qatar

Why Mossad was not on board with Israel’s strike on Hamas in Qatar

Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe

Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe

Top Shows

Vantage Firstpost America Firstpost Africa First Sports

QUICK LINKS

  • Mumbai Rains
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Advertise with us
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV