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All Jurisprudence based

0 tracked cards Commercial and Taxation Laws

A corporation calls a local operation 'passive investment,' but evidence shows activities beyond mere shareholder rights, including actual operation and supervision of a separate domestic business as its own ongoing enterprise. It invokes the investor exclusion as conclusive. Which analysis is sound?

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Any nominee director automatically proves unlawful business. Every investment label is binding on the regulator. The actual activities must be examined; the mere-investment exclusion does not automatically cover separate ongoing operational conduct. No foreign entity can ever hold domestic shares.

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