The Ministry of Corporate Affairs have set a all new wave for the foreign entities to set up private companies in India by removing the erstwhile concept of Deemed public company.Now, All the India Private Companies shall be treated as private companies even if its foreign holding company is a public company under the laws of its home country.
Henceforth with this status further an improvement could be seen in the decision making process of setting up the more and more private companies in India as the majority also constitutes of private companies in India.
This would further be a flourishing news for the foreign entities looking for establishing a place of business and presence in India.Investment in terms of establishment of businesses in India would grow as far as compliance perspective is concerned as against the public companies.
