Special provisions relating to foreign company said to be resident in India

Chapter XII-BC – Sec 115JH 1) Foreign company said to be resident in India. – Where a foreign company is said to be resident in India in any previous year and – such foreign company has not been resident in India in any of the previous years preceding the said previous year, then, – notwithstanding […]

Special provisions relating to Conversion of an Indian Branch of a Foreign Bank into Subsidiary

Chapter XII-BB – Sec 115JG 1) Conversion of an Indian branch of foreign company into subsidiary Indian company – Where a foreign company is engaged in the business of banking in India through its branch situate in India and – such branch is converted into a subsidiary company thereof, being an Indian company in accordance […]