27 December 2010
are statutory companies registered under companies act 1956??? what about foriegn companies??are they also registered with companies ACT 1956???
Foreign companies are not registered under the Companies Act, 1956 but are registered in accordance with laws of the countries in which it is incorporated.
Companies Act, 1956 applies only in respect of companies incorporated in India.
A foreign company, meaning a body corporate incorporated outside India but having a place of business in India (Companies Act, sec 591), is required, within 30 days of the establishment of a place of business in India, to deliver to the Registrar for registration, a certificate copy of the charter, statutes, memorandum articles, etc, of the company, full address of the registered or principal office of the company, names of the persons in India authorized to accept service of process on the company and the full address of the office of the company in India.
The Registrar, for the purposes of a foreign company, is the Registrar having jurisdiction over New Delhi. The documents referred to must also be delivered to the Registrar of the State in which the principal place of business of the company is situated.
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