1

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.

  • A

    Surya limited shall not considered as foreign source because of its registration in India.

  • B

    Surya Ltd would be ‘foreign source have foreign shareholding more than 50% of foreign company.

  • C

    Surya Ltd would be ‘foreign source have foreign contribution through various international agencies.

  • D

    Both (b) & (c)