Sections | Particulars |
---|---|
Chapter XXII | Companies Incorporated Outside India |
391 | Application of sections 34 to 36 and Chapter XX |
Description | 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. |
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