Question

What does meant by foreign buisness

Answer 1

Answer

1. The exchange of goods and services among individuals and businesses in multiple countries.

2. A specific entity, such as a multinational corporation or international business company that engages in business among multiple countries.

Answer 2

Definition of Foreign Company under the Companies Act, 2013. In accordance with the section 2(42) of the Act, “foreign company” means any company or body corporate incorporated outside India whichhas a place of business in India whether by itself or through an agent, physically or through electronic mode