Multiple choice

As per FEMA 1999, an office or a branch or an agency in India that is owned and controlled by a person resident outside India, falls under the category of

  1. non-resident persons

  2. persons resident in India

  3. foreigners

  4. foreign companies

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

An office or branch or an agency in India that is owned and controlled by a person resident outside India, falls under the category of persons resident in India.