MCQs · Q5
Q.A company incorporated outside India, having a place of business in India and conducting business activity here, is classified under the Companies Act, 2013 as a:
(A) Subsidiary Company
(B) Holding Company
(C) Foreign Company
(D) Statutory Company
West Bengal WbchseTextbookSubjectiveImportance★★★★★est
33% · 5/15 Questions
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Start your 14-day free trial to unlock the full solution →Section 2(42) defines a Foreign Company as a company or body corporate incorporated outside India which has a place of business in India (whether by itself, an agent, physically, or electronically) and conducts any business activity in India.
Option-by-option analysis:
- (A) Incorrect — 'subsidiary' describes a control relationship with a holding company, not the place of incorporation.
- (B) Incorrect — 'holding' describes the controlling company in that same relationship, again unrelated to place of incorporation. …
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