Fees and Duties
A WOS or JVC in India will be required to pay the same registration fees as any other company in India. The fees vary according to the amount of the nominal share capital of the company. The fees vary according to the amount of the nominal share capital of the company. The table of fees is set out in Sch X of the Companies Act.
Companies which increase share capital after registration must pay a fee when submitting notice of the increase to the Registrar. The fee in this case is the difference between that payable.
Liquidation of a Foreign Company
A foreign company may be wound up as an unregistered company, only by NCLT/court, not Voluntarily or under the supervision of the court.
When a foreign company ceases to carry on business in India, it may be wound up in India as an unregistered company even though the foreign company has been dissolved or otherwise ceased to exist under the laws under which it was incorporated. A foreign company may be wound up if:
the foreign company is dissolved, or has ceased to carry on business, or is carrying on business only for the purpose of winding up its affairs;
the foreign company is unable to pay its debts; and
NCLT is of the opinion that it is just and equitable that the foreign company should be wound up.
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Company Registration Procedure |
Company Registration in India
