alleryStart learning →Closure of a foreign company's Indian place of business with unpaid securities money follows which Chapter?
AChapter XVII
BChapter XVIII
CChapter XIX
DChapter XX
Answer & Solution
Correct answer: D. Chapter XX
Section 391(2) applies Chapter XX mutatis mutandis where the foreign company has raised money by securities not yet repaid or redeemed.
Keep practising Companies Incorporated Outside India
Browse all Companies Incorporated Outside India questions for CA Inter, or explore more Law topics.
Related questions
Old foreign companies still deliver documents under which 1956 Act section?Exemption notifications under 393A are laid before whom?Non-compliance with Chapter XXII does what to its contracts?For a continuing offence, the extra fine on a foreign company may extend to what amount peWhat is the minimum fine on a foreign company for contravening Chapter XXII?Which sections on prospectus misstatement apply under section 391?Which matter do IDR rules cover?Who makes rules on offer of IDRs under section 390?