Examine whether the following companies can be considered as Foreign Companies under the Companies Act, 2013: (i) A Company which is incorporated outside India employs agents in India but has no place of business in Indi

According to section 2(42) of the Companies Act, 2013, "foreign company" means any company or body corporate incorporated outside India which: (a) has a place of business in India whether by itself or through an agent, physically or through electronic mode; and (b) conducts any business activity in India in India in any other manner. (i) Company incorporated outside India with agents but no place of business: Since in the given case, the company mentioned herein satisfy only one condition. It is not a foreign company until it starts business activities in India. (ii) Company incorporated in India with all foreign shareholders: A company incorporated in India but having all the foreign shareholders will be an Indian Company as defined under Section 2(20) of the Act. Hence such company is not a foreign company u/s 2(42) of the Act.