Foreign companies operating in India
Foreign companies operating in India
The number of foreign companies operating in the country as on 31.03.2017 is 3,384. The State/UT-wise number of active foreign companies as on 31.03.2017 is given at Annex-I.
The number of foreign companies operating in the country as on 31.03.2017 is 3,384. The State/UT-wise number of active foreign companies as on 31.03.2017 is given at Annex-I.
The foreign companies have made their registration with India. The State/UT-wise registration of foreign companies with India during 2014-15, 2015-16, 2016-17 and 2017-18 is given at Annex-II.
The amount received from foreign companies through registration and other services fees during the last three financial years and the current financial year is as under:
|
Sl. No.
|
Financial
Year
|
Amount
received from foreign companies (Rs.in
Lakhs)
|
|
1
|
2014-15
|
1,216.08
|
|
2
|
2015-16
|
1,174.44
|
|
3
|
2016-17
|
996.18
|
|
4
|
2017-18*
|
4.62
|
|
Total
|
3,391.32
|
|
*As on 05.04.2017
State/UT-wise number of active foreign companies in the country as on 31.03.2017.
|
Sl. No.
|
State/UT
|
Number
|
|
1
|
Andhra Pradesh
|
53
|
|
2
|
Assam
|
1
|
|
3
|
Bihar
|
2
|
|
4
|
Chandigarh
|
2
|
|
5
|
Chhattisgarh
|
1
|
|
6
|
Delhi
|
1,484
|
|
7
|
Goa
|
4
|
|
8
|
Gujarat
|
54
|
|
9
|
Haryana
|
263
|
|
10
|
Jharkhand
|
1
|
|
11
|
Karnataka
|
272
|
|
12
|
Kerala
|
25
|
|
13
|
Madhya Pradesh
|
8
|
|
14
|
Maharashtra
|
823
|
|
15
|
Odisha
|
8
|
|
16
|
Puducherry
|
3
|
|
17
|
Punjab
|
5
|
|
18
|
Rajasthan
|
13
|
|
19
|
Tamil Nadu
|
212
|
|
20
|
Telangana
|
24
|
|
21
|
Uttar Pradesh
|
64
|
|
22
|
Uttarakhand
|
5
|
|
23
|
West Bengal
|
57
|
|
Total
|
3,384
|
|
Annex-II
|
State/UT-wise number of registration
of foreign companies during the last three financial years and the current
year.
|
|||||
|
Sl. No.
|
State/UT
|
2014-15
|
2015-16
|
2016-17
|
2017-18*
|
|
1
|
Andhra Pradesh
|
-
|
1
|
-
|
-
|
|
2
|
Bihar
|
-
|
-
|
1
|
-
|
|
3
|
Chhattisgarh
|
-
|
1
|
-
|
-
|
|
4
|
Delhi
|
42
|
43
|
43
|
1
|
|
5
|
Gujarat
|
6
|
2
|
2
|
-
|
|
6
|
Haryana
|
15
|
18
|
24
|
-
|
|
7
|
Karnataka
|
19
|
16
|
15
|
-
|
|
8
|
Kerala
|
1
|
1
|
1
|
-
|
|
9
|
Madhya Pradesh
|
3
|
-
|
1
|
-
|
|
10
|
Maharashtra
|
46
|
43
|
52
|
-
|
|
11
|
Odisha
|
-
|
-
|
-
|
-
|
|
12
|
Punjab
|
-
|
1
|
1
|
-
|
|
13
|
Rajasthan
|
3
|
3
|
-
|
-
|
|
14
|
Tamil Nadu
|
12
|
7
|
11
|
-
|
|
15
|
Telangana
|
2
|
2
|
2
|
-
|
|
16
|
Uttar Pradesh
|
4
|
6
|
5
|
-
|
|
17
|
Uttarakhand
|
-
|
1
|
2
|
-
|
|
18
|
West Bengal
|
4
|
4
|
1
|
-
|
|
Total
|
157
|
149
|
161
|
1
|
|
*As on 05.04.2017
********
Private Financial Companies
Non-banking Finance Companies
(NBFCs), incorporated under the Companies Act, are regulated by Reserve Bank of
India (RBI). As informed by RBI, the interest rates of lending have been
deregulated for banks and NBFCs. A cap on interest rate is specified only for
NBFC-MFIs. In respect of NBFCs, the RBI has issued guidelines through the Fair
Practices Code that require the Board of NBFCs to adopt an interest rate model
taking into account relevant factors such as cost of funds, margin and risk
premium and determine the rate of interest to be charged for loans and
advances. Further, the rate of interest and the approach for gradations of risk
and rationale for charging different rate of interest to different categories
of borrowers is required to be disclosed to the borrower or customer in the
application form and also to be communicated explicitly the in sanction letter.
This ensures transparency in computation and communication of interest rates
charged by NBFCs.
The
details provided by RBI are Annexed.
|
State/UT
|
Cases
where private limited NBFCs registered with RBI were found to be involved in
unethical/fraudulent practices
|
Action
taken in this regard
|
|
Gujarat
|
Deep
Capital Services Private Ltd. Company was involved with Jai Khodiyar Mirta
Mandal (JKMM), an Unincorporated Body (UIB), which was involved in illegal
collection of money
|
CoR
of company was cancelled and winding up petition has been initiated against
the company. Also FIR is filed against the company
|
|
Assam
|
YVU
Financial Services Pvt. Ltd. violated directions relating to collection of
insurance premium at flat rate and charged a high rate of interest as
compared to the prevalent market rates.
|
YVU
Finance Services Pvt. Ltd has been penalized with an amount of Rupees Five
lakh on August 08, 2014 by Reserve Bank of India for the violations.
|
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