320 foreign companies registered in India between 2018 and 2021

New Delhi: A total of 320 foreign companies registered in the country during the last three years. This was stated by Union Minister of State for Corporate Affairs Shri Rao Inderjit Singh in a written reply to a question in Rajya Sabha today.

Giving more details, the Minister stated that “Foreign Company” is defined under section 2 (42) of the Companies Act, 2013 (the Act) as any company or body corporate incorporated outside India which (a) has a place of business in India by itself or through an agent, physically or thorough electronic mode and (b) conducts any business activity in India in any other manner.

The Minister tabled a state-wise breakup of details of the number of foreign companies registered in the country during each of the last three years as under:

States 2018-19 2019-20 2020-21
Assam 0 0 0
Andhra Pradesh 2 0 1
Bihar 1 0 1
Delhi 26 28 15
Goa 1 0 0
Gujarat 2 1 4
Haryana 19 22 4
Himachal Pradesh 0 0 1
Karnataka 7 8 9
Kerala 1 1 0
Maharashtra 42 40 23
Manipur 1 0 0
Orissa 0 1 1
Rajasthan 1 2 1
Tamil Nadu 6 7 9
Telangana 1 3 2
Uttar Pradesh 1 8 3
Uttarakhand 1 1 1
West Bengal 6 2 3
Total 118 124 78

 

The Minister further stated that revenue earned from foreign companies by States/UTs is not maintained sector-wise.

The Minister tabled details of fees collected on account of registration & forms filed by such foreign companies in the country during each of the last three years as under:

Details 2019 2020 2021
No. of Foreign companies registered 118 124 78
Fees collected on account of registration & forms filed by such foreign companies (in Rs.) 13,58,22,000 13,20,03,100 7,02,46,600

 

****

Comments are closed.