1

Surya Ltd., incorporated and registered in New Delhi with a foreign shareholding more than 50% due to liberalization in FDI policy. State correct statement as to the status of the Surya Ltd.?

  • A

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

  • B

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

  • C

    Surya Ltd would be ‘foreign source having foreign contribution by various international agencies.

  • D

    Both (b) & (c)