Saturday, August 13, 2016

Section 376 of Companies Act 2013

Section 376 of Companies Act 2013 :-

Power to wind up foreign companies, although dissolved.

Where a body corporate incorporated outside India which has been carrying on business in India, ceases to carry on business in India, it may be wound up as an unregistered company under this Part, notwithstanding that the body corporate has been dissolved or otherwise ceased to exist as such under or by virtue of the laws of the country under which it was incorporated.

India's Important Case Laws and Landmark Judgments on Companies Act 2013.

Section 376 Companies Act 1956 has been repealed.

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