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Section 381 of Companies Act 2013: Accounts of foreign company

SECTION-381 (Accounts of foreign company) under CHAPTER-XXII (Companies Incorporated Outside India) of the Companies Act, 2013

(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, direct that, in the case of any foreign company or class of foreign companies, the requirements of clause (a)shall not apply, or shall apply subject to such exceptions and modifications as may be specified in that notification.

(2) If any such document as is mentioned in sub-section (1) is not in the English language, there shall be annexed to it a certified translation thereof in the English language.

(3) Every foreign company shall send to the Registrar along with the documents required to be delivered to him under sub-section (1), a copy of a list in the prescribed form of all places of business established by the company in India as at the date with reference to which the balance sheet referred to in sub-section (1)is made out.

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)

(2) Section 381 of the Companies Act 2013 was notified by MCA Notification S.O. 902(E) dated 26th March 2014 (w.e.f. 1st April 2014)

(3) Relevant rule(s) of the Companies 
(Registration of Foreign Companies) Rules, 2014 (w.e.f. 1st April 2014)
  • Rule 4 - Financial Statement of foreign company
  • Rule 6 - List of places of business of foreign company
Annual accounts along with the list of all principal places of business in India established by foreign company - Form FC-3.

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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