Radix Healthcare Ltd., a company registered in Thailand, although has no place of business established in India, yet it is engaged in online business through remote delivery of healthcare services in India. Select the incorrect statement from those given below as to the nature of the Radix Healthcare Ltd. in the light of the applicable provisions of the Companies Act, 2013:
(a) Radix Healthcare Ltd. is not a foreign company as it has no place of business established in India.
(b) Radix Healthcare Ltd. is a foreign company being involved in business activity through telemedicine.
(c) Radix Healthcare Ltd. is a foreign company for conducting business through electronic mode
(d) Radix Healthcare Ltd. is a foreign company as it conducts business activity in India.
Answer :
(a) Radix Healthcare Ltd. is not a foreign company as it has no place of business established in India
How it is not a foreign company? The question is from ICAI study material chapter 11 MCQ 3