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.
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