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Sec 393 Companies Act 2013: Co's failure to comply - not to affect contracts validity

SECTION-393 (Company's failure to comply with provisions of this Chapter not to affect validity of contracts, etc) under CHAPTER-XXII (Companies Incorporated Outside India) of the Companies Act, 2013 - 

Any failure by a company to comply with the provisions of this Chapter shall not affect the validity of any contract, dealing or transaction entered into by the company or its liability to be sued in respect thereof, but the company shall not be entitled to bring any suit, claim any set-off, make any counter-claim or institute any legal proceeding in respect of any such contract, dealing or transaction, until the company has complied with the provisions of this Act applicable to it.



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


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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