Rules eased for entry of foreign companies into India
Multinational and foreign companies will now find it less cumbersome to establish a place of business in India, as the Government has done away with some red tape.
The Ministry of Corporate Affairs (MCA) has removed the requirement of foreign companies/foreign nationals to get consular verification in their country of origin for establishing place of business or setting up a subsidiary in India. This benefit will be available to only those foreign companies incorporated in a country that fall outside the Commonwealth but a party to the Hague Apostille Convention 1961.
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