What is Section 379 of Companies Act, 2013?
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 of India or by one or more companies or bodies corporate incorporated in India, or by one or more citizens of India and one or more companies or bodies corporate …
Does Companies Act, 2013 apply to foreign companies?
“(1) Sections 380 to 386 (both inclusive) and sections 392 and 393 shall apply to all foreign companies: … This amendment clarified that Chapter 22 of the 2013 Act would be applicable to ‘all the foreign companies’ irrespective of any other condition.
What section of a company defines?
Meaning of a Company
However, Section 2(20) of the Companies Act, 2013, defines the term ‘Company’ as follows: “Company means a company incorporated under this Act or under any previous company law.”
What is foreign company under Companies Act 2013?
As per Section 2(42) of Companies Act 2013 “foreign company” means any company or. body corporate incorporated outside India which- a) has a place of business in India whether by itself or through an agent ,physically. or through electronic mode ; and. b) conducts any business activity in India in any other manner .
What are the documents to be delivered to the registrar of companies by foreign companies for registration?
—(1) Every foreign company shall, within thirty days of establishment of its place of business in India, in addition to the particulars specified in sub- section (1) of section 380 of the Act, also deliver to the Registrar for registration, a list of directors and Secretary of such company. (n) e-mail ID.
What is Section 8 company India?
A company is referred to as Section 8 Company when it registered as a Non-Profit Organization (NPO) i.e. when it has motive of promoting arts, commerce, education, charity, protection of environment, sports, science, research, social welfare, religion and intends to use its profits (if any) or other income for …
What is the foreign company in India?
“Foreign Company is defined under Section 2 (42) of the Companies Act, 2013 (the Act) as any company or body corporate incorporated outside India which (a) has a place of business in India by itself or through an agent, physically or thorough electronic mode and (b) conducts any business activity in India in any other …
What are foreign companies in India?
List of Foreign Companies Listed in India
- 3M India Limited.
- ABB Limited.
- Abbott India Limited.
- Agro Tech Foods Limited.
- Ahlcon Parenterals (India) Ltd.
- Akzo Nobel India Limited.
- Alpha Graphic India Ltd.
- Alstom India Ltd.
Does the Companies Act apply to foreign companies?
The Companies Act does not generally apply to “foreign companies”, unless such a company qualifies as an “external company”.
What are the features of foreign company?
The major features of foreign collaboration for the growth of business are as follows:
- Agreement: …
- Government consent: …
- World integration: …
- Growth of industrial sector: …
- Gives legal Identity: …
- Helps to meet out requirements: