Section 308 of the Companies Act, 2013
Section 308 of the Companies Act, 2013 pertains to the application of the Act to companies incorporated outside India (also known as foreign companies).
📘 Section 308 – Application of the Companies Act to Foreign Companies
✅ Key Provisions:
The provisions of the Companies Act, 2013 shall apply to foreign companies in so far as they relate to:
Registration of foreign companies having a place of business in India (Section 379),
Accounts and audit (Section 381),
Annual returns (Section 382),
Inspection, inquiry, and investigation (Sections 383 to 386),
Winding up (Section 393),
Other provisions as notified by the Central Government.
The Central Government may make rules or regulations to carry out these provisions.
📝 Background:
This section ensures that foreign companies operating in India comply with certain regulations to maintain transparency and governance.
📌 Example:
A foreign company with a registered office in India must comply with filing annual accounts and returns under this Act.
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