Question : FOREIGN COMPANIES IN INDIA



(a) the number of foreign companies operating in India at present, State-wise ;

(b)the number of foreign companies registered during the last three years ;

(c)whether the Government receives revenue by way of fees etc. for filing of various documents ;

(d) if so, the details of amount received from these companies during each of the last three years; and

(e) the concessions /facilities provided by the Government to such companies ?

Answer given by the minister


MINISTER OF THE STATE IN THE MINISTRY OF COMPANY AFFAIRS (SHRI PREM CHAND GUPTA)

(a) At present, 2069 foreign companies incorporated outside India have established their place of business in India u/s 592 (1) of the Companies Act 1956. The State-wise break up is as under:



State No. of foreign companies operating in India Andhra Pradesh 26 Bihar 01 Delhi 1280 Gujarat 15 Haryana 57 Jammu & Kashmir 01 Karnataka- 159 Kerala 07 Madhya Pradesh 03 Maharashtra 361 Orissa 05 Pondicherry 01 Rajasthan- 02 Tamil Nadu 75 Uttar Pradesh 14 West Bengal 62 Total 2069

(b) The number of foreign companies registered during the last three years are as under :

Sl. No Financial Year No. of foreign companies 01 2003-04 152 02 2004-05 167 03 2005-06 211

(c) Yes Sir.

(d) The amount of fee received from these companies during the last three years is as under:

Sl. No. Financial Year Amount of fee etc. received from these companies for filing various documents (in Rupees) 01 2003-04 2,63,17,225 02 2004-05 3,41,54,075 03 2005-06 3,56,45,689


(e) Companies as are incorporated outside India and have established places of business in India are regulated as per provisions of Part-XI (read with other relevant provisions) of the Companies Act, 1956. The compliance with statutory framework is not based on any concessions/ facilities to such companies.