Surya Ltd., incorporated and registered in New Delhi with a foreign shareholding more than 50% due to liberalization in Foreign Direct Investment (FDI) policy. State the correct statement as to the status of the Surya Ltd.
Surya limited shall not considered as foreign source because of its registration in India.
Surya Ltd would be ‘foreign source have foreign shareholding more than 50% of foreign company.
Surya Ltd would be ‘foreign source have foreign contribution through various international agencies.
Both (b) & (c)