Govt says 3,560 companies in India have Chinese directors
New Delhi, Dec 12: The government on Monday said there are 3,560 companies in India that have Chinese directors.
In a written reply to the Lok Sabha, Minister of State for Corporate Affairs Rao Inderjit Singh said there are 174 Chinese companies that are registered in the country as foreign companies having place of business in India with the ministry.
"... as per the CDM database, there are 3,560 companies in India which have Chinese directors. It is not possible to give the number of companies having Chinese investors/ shareholders as the data is not separately maintained in the MCA (Ministry of Corporate Affairs) system," he said.
The Corporate Data Management (CDM) portal has been developed by the ministry as an in-house data analytics and business intelligence unit.
The government has amended certain rules and forms prescribed under the Companies Act, 2013 to regulate the incorporation of companies, the appointment of directors, issuance & transfer of securities and undertaking compromise, arrangements & amalgamation in cases where Land Border Countries Entities (LBCEs) are involved.
"New requirements have been provided through such amendments for disclosures, in such cases, about government approval obtained under the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 or for obtaining security clearance from the Ministry of Home Affairs, Government of India," the minister said.
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Tragedy strikes IAF Airshow at Chennai's Marina Beach: Four dead, 96 hospitalized
Chennai: In a tragic incident during the Indian Air Force (IAF) airshow held at Marina Beach in Chennai, four spectators have reportedly lost their lives, and 96 others have been hospitalised. The event, which took place on Sunday, was part of the 92nd IAF Day celebrations and was attended by several dignitaries, including Chief of Air Staff Air Chief Marshal Amar Preet Singh, Tamil Nadu Chief Minister M. K. Stalin, Deputy Chief Minister Udhayanidhi Stalin, state ministers, Chennai Mayor R. Priya, and a host of other officials.
The airshow featured several aircraft, including the Sukhoi Su-30 MKI, Tejas, and helicopters from the Sarang display team, showcasing the IAF’s aerobatic prowess. The event drew large crowds to Marina Beach, which stretched from the Lighthouse to Chennai Port. Eyewitnesses reported seeing a sudden commotion as some people in the audience started collapsing.
Emergency services were immediately activated, and those affected were rushed to nearby hospitals, including the Government General Hospital and private facilities.
The airshow, which was part of a nationwide series of events to commemorate IAF Day, has been temporarily suspended as officials assess the situation.
Further details are awaited as authorities probe into the circumstances leading to the casualties.
