TAKEOVER OF AN INDIAN COMPANY BY A FOREIGN COMPANY, Corporate Laws / SEBI / LLP

[AJIT Tiwary]

Dear Expert,

One of my client is registered in Hongkong/China and a new company incorporated in india. in both of company a person (citizen of india) is a director and shareholder who was NRI last few year but during the financial year 2019-20 is became the resident as per per income tax act,

my question is that during the process of takeover there must be a foreign director and one indian director, now i am confused what will be the procedure, how i proceed because i need to take DPIIT registration.

Thanking you

Posts / Replies

[malay pota]

Dear Sir,

Please elaborate your question for better understanding and reply.