SC Delivers Split Verdict on Disciplinary Action to be Taken Against an Advocate-On-Record  ||  Centre to SC: Certain Provisions of Waqf (Amendment) Act, 2025 Not to be Acted Upon for Time Being  ||  SC Disposes of Petitions Seeking Access to Courtroom Proceedings through Virtual Links  ||  Delhi HC Directs Removal of 'Captain Blue' Mark in Plea by Manufacturer of ‘Captain Morgan’  ||  SC: Consumer’s Right to Protest Peacefully Without Falling Foul is a Corresponding Right  ||  SC Shows Inclination to Appoint a Commission of Inquiry to Enquire into Activities of Sports Federati  ||  SC: Subsequent Judgment that Overrules Earlier Judgment to Apply Retrospectively  ||  SC Expresses Reluctance to Transfer to Itself Petitions Challenging Anti-Conversion Laws of States  ||  Madras HC: Inspector General of Registration to Ensure No Society is Registered With a Caste Name  ||  SC: Union & ECI Given Time to Respond on Challenge to Conduct of Election Rules    

Exemption from the provisions of sections 387 to 392 Companies Act, 2013 to the specified companies- (Ministry of Corporate Affairs) (05 Aug 2021)

MANU/DCAF/0067/2021

Company

In exercise of the powers conferred by section 393A of the Companies Act, 2013 (18 of 2013), the Central Government hereby exempts, from the provisions of sections 387 to 392 (both inclusive), the following:-

(a) foreign companies;

(b) companies incorporated or to be incorporated outside India, whether the company has or has not established, or when formed may or may not establish, a place of business in India,

insofar as they relate to the offering for subscription in the securities, requirements related to the prospectus, and all matters incidental thereto in the International Financial Services Centres set up under section 18 of the Special Economic Zones Act, 2005 (28 of 2005).

Tags : EXEMPTION   PROVISIONS   SPECIFIED COMPANIES  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved