Overseas CorporateBody(OCB)

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Overseas CorporateBody(OCB)
Query (Issue) Started By: - kamal mall Dated:- 20-5-2014 Last Reply Date:- 2-1-2016 FEMA
Got 1 Reply
FEMA
Dear Professionals, Facts of query; There is an Ind .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ian company registered under the Indian Companies Act 1956 named XYZ P. Ltd in which 65 percent shares is hold by an NRI. However, such NRI shareholder is not the director of the said XYZ P. LTD. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Further, XYZ P. Ltd. owns two Wholly Owned Subsidiaries Companies (registered under the Indian Companies Act 1956). Required your kind professional assistance wrt the following. 1. Whether XYZ P. Lt .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... d. would tantamount to become an Overseas CorporateBody(OCB) ? And if yes, under which provision of which Act (say FEMA or other applicable law in India)? 2. If yes than what kind of compliance to be .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... filed by company and to whom ? 3. In case this is not a ocb then whether there are any other compliance which must be followed by the company? Reply By MARIAPPAN GOVINDARAJAN: The Reply: Whether y .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ou have got clarified in the above issue? If not please inform.
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X