Section 391 Application of sections 34 to 36 and Chapter XX
- Amendments
- 1
- Last changed
- 9 February 2018
391. Application of sections 34 to 36 and Chapter XX.—
(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.
Substituted by Companies (Amendment) Act, 2017, s. 79, with effect from 9 February 2018. Earlier read: "sub-section (2)"(2) Subject to the provisions of section 376, 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 in case such foreign company has raised monies through offer or issue of securities under this Chapter which have not been repaid or redeemed.