Section - 393, Companies Act, 2013 Company's failure to comply with provisions of this Chapter not to affect validity of contracts, etc. 393. Any failure by a company to comply with the provisions of this Chapter shall not affect the validity of any contract, dealing or transaction entered into by the company or its liability…...
Punishment for contravention. Section – 392, Companies Act, 2013
Section - 392, Companies Act, 2013 Punishment for contravention. 392. Without prejudice to the provisions of section 391, if a foreign company contravenes the provisions of this Chapter, the foreign company shall be punishable with fine which shall not be less than one lakh rupees but which may extend to three lakh rupees and in the…...
Application of sections 34 to 36 and Chapter XX. Section – 391, Companies Act, 2013
Section - 391, Companies Act, 2013 Application of sections 34 to 36 and Chapter XX. 391. (1) The provisions of sections 34 to 36 (both inclusive) shall apply to— (i) the issue of a prospectus by a company incorporated outside India under section 389 as they apply to prospectus issued by an Indian company; (ii) the…...
Offer of Indian Depository Receipts. Section – 390, Companies Act, 2013
Section - 390, Companies Act, 2013 Offer of Indian Depository Receipts. 390. Notwithstanding anything contained in any other law for the time being in force, the Central Government may make rules applicable for— (a) the offer of Indian Depository Receipts; (b) the requirement of disclosures in prospectus or letter of offer issued in connection with Indian Depository…...
Registration of prospectus. Section – 389, Companies Act, 2013
Section - 389, Companies Act, 2013 Registration of prospectus. 389. No person shall issue, circulate or distribute in India any prospectus offering for subscription in securities of a company incorporated or to be incorporated outside India, whether the company has or has not established, or when formed will or will not establish, a place of business…...
Provisions as to expert’s consent and allotment. Section – 388, Companies Act, 2013
Section - 388, Companies Act, 2013 Provisions as to expert's consent and allotment. 388. (1) No person shall issue, circulate or distribute in India any prospectus offering for subscription in securities of a company incorporated or to be incorporated outside India, whether the company has or has not been established, or when formed will or will…...
Dating of prospectus and particulars to be contained therein. Section – 387, Companies Act, 2013
Section - 387, Companies Act, 2013 Dating of prospectus and particulars to be contained therein. 387. (1) No person shall issue, circulate or distribute in India any prospectus offering to subscribe for securities of a company incorporated or to be incorporated outside India, whether the company has or has not established, or when formed will or…...
Interpretation. Section – 386, Companies Act, 2013
Section - 386, Companies Act, 2013 Interpretation. 386. For the purposes of the foregoing provisions of this Chapter,— (a) the expression "certified" means certified in the prescribed manner to be a true copy or a correct translation; (b) the expression "director", in relation to a foreign company, includes any person in accordance with whose directions or…...
Debentures, annual return, registration of charges, books of account and their inspection. Section – 384, Companies Act, 2013
Section - 384, Companies Act, 2013 Debentures, annual return, registration of charges, books of account and their inspection. 384. (1) The provisions of section 71 shall apply mutatis mutandis to a foreign company. (2) The provisions of section 92 shall, subject to such exceptions, modifications and adaptations as may be made therein by rules made under this Act,…...
Service on foreign company. Section – 383, Companies Act, 2013
Section - 383, Companies Act, 2013 Service on foreign company. 383. Any process, notice, or other document required to be served on a foreign company shall be deemed to be sufficiently served, if addressed to any person whose name and address have been delivered to the Registrar under section 380 and left at, or sent by…...