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Monday's announcement by the government stated that there were 3,560 Indian companies with Chinese directors.
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Rao Inderjit Singh, Minister of State for Corporate Relations, stated in a written response to the Lok Sabha that there are 174 Chinese businesses registered in India as foreign companies with Indian business.
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According to the CDM database, India has 3,560 companies with Chinese directors.
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He stated that it was impossible to provide the number of Chinese shareholders/ investors as the data is not separate in the MCA system.
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As an in-house unit for data analytics and business intelligence, the ministry has created the Corporate Data Management portal (CDM).
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To regulate incorporation and appointment of directors when Land Border Countries Entities are involved, the government has modified certain forms and rules under the Companies Act 2013.
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These amendments provide new requirements for disclosures in cases where government approval has been obtained under the Foreign Exchange Management Rules 2019.
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