Lok Sabha Question No. 1161 (UNSTARRED), answered on 2017-12-22
Subject: Foreign Companies in India and Indian Companies Abroad
Ministry: CORPORATE AFFAIRS
Asked by: ALOK SANJAR

1161. SHRI ALOK SANJAR:

Will the Minister of CORPORATE AFFAIRS be pleased to state:

- (a) the number of foreign companies registered during each of the last three years and the current year in the country including in the State of Madhya Pradesh along with the amount of revenue earned from these companies, State/UT/Year-wise;
- (b) whether any guidelines have been issued by the Government regarding registration of such foreign companies in the country and if so, the details thereof;
- (c) whether  any  major  Indian  companies  are  registered  abroad  also  and  if  so,  the  amount  of revenue earned by the Indian Companies from abroad during the last three years; and
- (d) the  action  taken  by  the  Government  to  protect  the  interests  of  Indian  consumers  and investors?

## ANSWER

THE MINISTER OF STATE FOR LAW AND JUSTICE                    (SHRI P. P. CHAUDHARY) AND CORPORATE AFFAIRS

- (a) The information is attached (Annexure-I).
- (b) Yes, the detailed provisions with regard to companies incorporated outside India are laid down in Chapter XXII of the Companies Act, 2013 (Section 379-393) and Companies (Registration of Foreign Companies) Rules, 2014.   Further, section 380 of the Companies Act, 2013 read with such Rules specifies the documents/information etc. required to be filed by a foreign company with  Registrar  of  Companies,  New  Delhi  within  30  days  from  establishment  of  its  place  of business in India.
- (c) Such information is not maintained in a centralized database.
- (d) As  per  the  provisions  of  Section  125  of  the  Companies  Act,  2013  the  IEPF  Authority  is mandated  to  promote  investor  education,  awareness  and  protection.  To  promote  investor awareness the authority has issued advertisements in newspapers, jingles on radio, crawlers on  Doordarshan,  SMSs  on  mobile  phones.  Investor  Awareness  Programmes  are  organised through Professional Institutes as well as through the Common Services Centres located in rural areas of the country. A joint campaign in association with Securities and Exchange Board of India, Reserve Bank of India and Department of Consumer Affairs has also been initiated.

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## GOVERNMENT OF INDIA

## MINISTRY OF CORPORATE AFFAIRS

## LOK SABHA UNSTARRED QUESTION NO. 1161 ANSWERED ON FRIDAY, THE 22 ND  DECEMBER, 2017 [PAUSHA 01, 1939 (SAKA)]

## FOREIGN COMPANIES IN INDIA AND INDIAN COMPANIES ABROAD

## QUESTION

## Annexure-I ANNEXURE REFFERED TO IN REPLY TO PART (a) OF THE UNSTARRED QUESTION NO. 1161 FOR ANSWER IN LOK SABHA ON 22.12.2017 State/UT/Year-wise number of registration of foreign companies during the last three financial years and the current year

|         |                | 2014-15          | 2014-15                                     | 2015-16          | 2015-16                                     | 2016-17          | 2016-17                                     | 2017-18 (till 30.11.2017)   | 2017-18 (till 30.11.2017)                   |
|---------|----------------|------------------|---------------------------------------------|------------------|---------------------------------------------|------------------|---------------------------------------------|-----------------------------|---------------------------------------------|
| Sl. No. | State/UT       | No. of companies | Revenue earned from these companies(in Rs.) | No. of companies | Revenue earned from these companies(in Rs.) | No. of companies | Revenue earned from these companies(in Rs.) | No. of companies            | Revenue earned from these companies(in Rs.) |
| 1       | Andhra Pradesh | -                | 714000                                      | 1                | 3210000                                     | -                | 1962000                                     | 1                           | 1662000                                     |
| 2       | Bihar          | -                | -                                           | -                | -                                           | 1                | 6000                                        | -                           | 42000                                       |
| 3       | Chandigarh     | -                | 168000                                      | -                | 246000                                      | -                | 102000                                      | -                           | 150000                                      |
| 4       | Chattisgarh    | -                | -                                           | 1                | 6000                                        | -                | 42000                                       | -                           | 18000                                       |
| 5       | Delhi          | 42               | 37608000                                    | 45               | 25362000                                    | 43               | 27186000                                    | 21                          | 27198000                                    |
| 6       | Goa            | -                | 18000                                       |                  | 18000                                       | -                | 36000                                       | -                           | 6000                                        |
| 7       | Gujarat        | 6                | 2064000                                     | 2                | 3210000                                     | 2                | 1854000                                     | 3                           | 2598000                                     |
| 8       | Haryana        | 15               | 12264000                                    | 16               | 11892000                                    | 24               | 12564000                                    | 15                          | 9552000                                     |
| 9       | Jharkhand      | -                | -                                           | -                | -                                           | -                | 156000                                      | -                           | 546000                                      |
| 10      | Karnataka      | 19               | 10350000                                    | 15               | 10770000                                    | 15               | 9540000                                     | 7                           | 6372000                                     |
| 11      | Kerala         | 1                | 750000                                      | 1                | 1506000                                     | 1                | 840000                                      | 2                           | 570000                                      |
| 12      | Madhya Pradesh | 3                | 336000                                      |                  | 486000                                      | 1                | 288000                                      |                             | 444000                                      |
| 13      | Maharashtra    | 46               | 40242000                                    | 42               | 42306000                                    | 51               | 32388000                                    | 27                          | 34854000                                    |
| 14      | Orissa         | -                | 126000                                      | -                | 672000                                      | -                | 330000                                      | -                           | 102000                                      |
| 15      | Pondicherry    | -                | 24000                                       | -                | 30000                                       | -                | 24000                                       | -                           | 12000                                       |
| 16      | Punjab         | -                | 12000                                       | 1                | 42000                                       | 1                | 42000                                       | -                           | 48000                                       |
| 17      | Rajasthan      | 3                | 324000                                      | 3                | 360000                                      |                  | 288000                                      | -                           | 396000                                      |
| 18      | Tamil Nadu     | 12               | 9294000                                     | 8                | 7578000                                     | 11               | 7218000                                     | 8                           | 9204000                                     |
| 19      | Telangana      | 2                | 2100000                                     | 2                | 1554000                                     | 2                | 930000                                      | 4                           | 1164000                                     |
| 20      | Uttar Pradesh  | 4                | 2514000                                     | 7                | 3426000                                     | 5                | 2142000                                     | 6                           | 1380000                                     |
| 21      | Uttarakhand    | -                | 18000                                       | 1                | 156000                                      | 2                | 30000                                       | -                           | 102000                                      |
| 22      | West Bengal    | 4                | 1710000                                     | 4                | 4128000                                     | 1                | 2100000                                     | 2                           | 2034000                                     |
| 23      | Grand Total    | 157              | 120636000                                   | 149              | 116958000                                   | 160              | 100068000                                   | 96                          | 98454000                                    |

Source: MCA21 Database