(a) whether more and more foreign companies are getting registered in the country;
(b) if so, the details of the foreign companies registered during the last two years,
year-wise and the criteria adopted for giving permission to register these companies in
the country; and
(c) whether there have been instances of flouting the criteria to favour some foreign
companies and if so, the details thereof and the steps taken by the Government to prevent
such practices?
THE MINISTER OF STATE (INDEPENDENT CHARGE) (SHRI SACHIN PILOT) IN THE MINISTRY OF
CORPORATE AFFAIRS
(a) & (b):- The registration of Foreign companies, as per Part XI of the Companies Act,
1956, for having a place of business in India in terms of Section 592 read with Section
591 of the Act, takes place only after approval of Reserve Bank of India under FEMA,
1999. As per the records maintained in this Ministry the details of foreign companies
incorporated during the last two years are as under:-
Financial Year No. of foreign companies Incorporated 01.04.2010-31.03.2011 222
01.04.2011-31.03.2012 231