July 2023

Display of Name, etc., of Foreign Company Every foreign company shall— (a) conspicuously exhibit on the outside of every office or place where it carries on business in India, the name of the company and the country in which it is incorporated, in letters easily legible in English characters, and also in the characters of the language or one […]

Accounts of Foreign Company (1) Every foreign company shall, in every calendar year,— (a) make out a balance sheet and profit and loss account in such form, containing such particulars and including or having annexed or attached thereto such documents as may be prescribed; and (b) deliver a copy of those documents to the Registrar: Provided that the Central Government may, by notification,

Documents, etc., to be delivered to Registrar by foreign companies (1) Every foreign company shall, within thirty days of the establishment of its place of business in India, deliver to the Registrar for registration— (a) a certified copy of the charter, statutes or memorandum and articles, of the company or other instrument constituting or defining the constitution of the company and, if the instrument is not

Application of Act to foreign companies [(1) Sections 380 to 386 (both inclusive) and sections 392 and 393 shall apply to all foreign companies: 2[Omitted] (2) Where not less than fifty per cent. of the paid-up share capital, whether equity or preference or partly equity and partly preference, of a foreign company is held by one or more citizens

Power to make rules The Central Government may make rules for carrying out the purposes of this Chapter.] Amendment 1. Inserted by Companies(Amendment) Act 2020 Dated 29.09.2020     Amendment Effective from 11th February 2021 Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice |

Power to modify Act in its application to Producer Companies (1) The Central Government may, by notification, direct that any of the provisions of this Act (other than those contained in this Chapter) specified in the said notification- (a) shall not apply to the Producer Companies or any class or category thereof; or (b) shall

Re-conversion of Producer Company to inter-State co-operative society (1) Any Producer Company, being an erstwhile inter-State co-operative society, formed and registered under this Chapter, may make an application- (a) after passing a resolution in the general meeting by not less than twothirds of its Members present and voting; or (b) on request by its creditors

Application of provisions relating to private companies All the limitations, restrictions and provisions of this Act, other than those specified in this Chapter, applicable to a private company, shall, as far as may be, apply to a Producer Company, as if it is a private limited company under this Act in so far as they are not

Section 378ZQ of The Companies Act, 2013: Explained in Simple Language What is it? Section 378ZQ is a legal provision within The Companies Act, 2013, specifically addressing Producer Companies. It essentially states that the rules outlined in Chapter XXIA of the Act override any conflicting laws or regulations. In simpler terms: This section ensures that

Strike off name of Producer Company (1) Where a Producer Company fails to commence business within one year of its registration or ceases to transact business with the Members or if the Registrar is satisfied, after making such inquiry as he thinks fit, that the Producer Company is no longer carrying on any of its objects specified