tag:blogger.com,1999:blog-3202774368551476669.post5646787644750875397..comments2023-09-15T16:21:31.980+05:30Comments on INDIAN CORPORATE LAW: Budget 2016 amends FCRA - paves way for CSR by FOCCsUmakanth Varottilhttp://www.blogger.com/profile/12438677982004444359noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3202774368551476669.post-36876584609993215132016-10-25T19:18:16.080+05:302016-10-25T19:18:16.080+05:30Any clarity on this?
Are subsidiaries of foreign c...Any clarity on this?<br />Are subsidiaries of foreign companies still covered as they fall within the definition of foreign company and thus are covered under 2(i)(j)(iii)?Kamyanoreply@blogger.comtag:blogger.com,1999:blog-3202774368551476669.post-42348419484369552692016-03-02T17:14:58.134+05:302016-03-02T17:14:58.134+05:30While the proposed amendment addresses the problem...While the proposed amendment addresses the problem in Section 2(i)(j)(vi), the definition of "Foreign Company" which includes an Indian subsidiary, has not been changed. Therefore the question that still remains is whether an Indian subsidiary of a foreign company can make contribution without being considered as a foreign source?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3202774368551476669.post-82013890895056224012016-03-02T10:27:11.763+05:302016-03-02T10:27:11.763+05:30The FCRA came into force with effect from 1st May,...The FCRA came into force with effect from 1st May, 2011 and not September 27, 2010.sargam marwahanoreply@blogger.com