Can nonresident indians join together and start a private company in india?

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guess can.tax liability in india arises residents in case of individual assessee.
corporates, depends on controlling head of company lies.
if business controlled india, liable tax in india.
income earned or accrued in india gets liable tax in india.

such, there should not legal issue non-residents starting business/ pvt company in india.

is there restrictions in companies act or income tax act start private company in india nonresidents indians (nobody living in india @ present)


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