What steps should a transnational/ foreign company take to operate in the mining sector in India?
For being eligible to obtain a mineral concession in India, a transnational/ foreign Company will be required to incorporate and register as an Indian company under Section 3(1) of Companies Act, 1956. There is absolutely no bar to the extent of foreign holding in such a company, as long as it is registered in India. The Indian company can thereafter apply for mineral concessions to the State Government.
- We are a transnational real estate development company & would like to develop large properties in India. Which is the best entry route for a company like ours?
- Can a foreign investor invest in shares issued by an unlisted company in India?
- What is the policy for foreign direct investment in the mining sector?