Foreign Company

A foreign company is any company or body corporate incorporated outside India which—

 

a)   has a place of business in India whether by itself or through an agent, physically or through electronic mode; and

b)   conducts any business activity in India in any other manner.

 

Hence, a foreign entity to be considered as a foreign company, has to fulfill both the criteria mentioned above, i.e., having a place of business in any manner specified above, and conducting any business activity in India.