The Companies Act, 2013: Key Sections for NRIs
The Companies Act of 2013 governs all matters related to the incorporation and running of companies, the roles of directors, share capital, securing funds, company regulations, accounts and audit, and winding down. NRIs doing business in India or interacting with companies in India should be aware of the relevant provisions of the Companies Act.
Key Sections Relevant to Foreign Companies:
| S. No. | Section | Particulars |
|---|---|---|
| 1. | 379 | Application of Act to foreign companies |
| 2. | 380 | Documents, etc., to be delivered to Registrar by foreign companies |
| 3. | 381 | Accounts of foreign company |
| 4. | 382 | Display of name, etc., of foreign company |
| 5. | 383 | Service on foreign company |
| 6. | 384 | Debentures, annual return, registration of charges, books of account and their inspection |
| 7. | 385 | Fee for registration of documents |
| 8. | 386 | Interpretation |
| 9. | 387 | Dating of prospectus and particulars to be contained therein |
| 10. | 388 | Provisions as to expert’s consent and allotment |
| 11. | 389 | Registration of prospectus |
| 12. | 390 | Offer of Indian Depository Receipts |
| 13. | 391 | Application of sections 34 to 36 and Chapter XX |
| 14. | 392 | Punishment for contravention |
| 15. | 393 | Company’s failure to comply with provisions of this Chapter not to affect validity of contracts, etc. |
For detailed sections and related schedule and rules, please refer Companies Act from the MCA site.