Question

A company was incorporated outside India before April 1, 1956 and is still having its business in India. It is a __________.

• A. foreign company
• B. Indian company
• C. government Co.
• D. none of the above.

Answer 1

Answer: (A)

foreign company

As per Section 2(42) of the Companies Act, 2013, foreign company means any company or body corporate incorporated outside India which—

(a) has a place of business in India whether by itself or through an agent, physically or through

electronic mode; and

(b) conducts any business activity in India in any other manner.