Foreign register of members: companies must notify registrar of office location and changes, with penalties for noncompliance. Companies with share capital or having issued debentures may, if authorised by their articles, keep a foreign register of members or debenture holders outside India. The company must file with the Registrar a notice of the office where the foreign register is kept within thirty days of opening it, and must file notice within thirty days of any change or discontinuance of that office. Noncompliance renders the company and any officer in default liable to a daily fine for the duration of the default.
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Foreign register of members: companies must notify registrar of office location and changes, with penalties for noncompliance.
Companies with share capital or having issued debentures may, if authorised by their articles, keep a foreign register of members or debenture holders outside India. The company must file with the Registrar a notice of the office where the foreign register is kept within thirty days of opening it, and must file notice within thirty days of any change or discontinuance of that office. Noncompliance renders the company and any officer in default liable to a daily fine for the duration of the default.
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