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Section 379 Of Companies Act 2013: Application Of Act To Foreign Companies

SECTION-379 (Application of Act to foreign companies) under CHAPTER-XXII (Companies Incorporated Outside India) of the Companies Act, 2013

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 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 incorporated in India, whether singly or in the aggregate, such company shall comply with the provisions of this Chapter and such other provisions of this Act as may be prescribed with regard to the business carried on by it in India as if it were a company incorporated in India.










Extra Notes for Readers

(1) The Companies Act, 2013 received the assent of the President on the 29th August, 2013 (Published in the Gazette of India, Extraordinary, Part II - Section 1 by Ministry of Law and Justice, Legislative Department on 30th August, 2013) - link

(2) Section 379 of the Companies Act 2013 was notified by MCA Notification S.O. 2754(E) dated 12th September 2013 (w.e.f. 12th September 2013) - link

(3) Also refer the Companies 
(Registration of Foreign Companies) Rules, 2014 (w.e.f. 1st April 2014) link

Note: Please check MCA site for any further amendments to the Companies (Registration of Foreign Companies) Rules, 2014.







This page was last updated on 30th May, 2017.

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