Sunday, August 14, 2016

Section 391 of Companies Act 2013

Section 391 of Companies Act 2013 :-

Application of sections 34 to 36 and Chapter XX.

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 issue of Indian Depository Receipts by a foreign company.

2.     The provisions of Chapter XX shall apply mutatis mutandis for closure of the place of business of a foreign company in India as if it were a company incorporated in India.

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

Section 391 Companies Act 1956 has been repealed.

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