Application of company law to foreign companies extends debenture, charge registration and accounting obligations to Indian operations. Provisions of the Act apply mutatis mutandis to foreign companies for debentures, annual returns (subject to rules allowing exceptions and adaptations), registration of charges on properties created or acquired by foreign companies, and Chapter XIV compliance for their Indian business; foreign companies must keep at their principal place of business in India the books of account recording monies received and spent, sales and purchases, and assets and liabilities arising from their Indian operations.
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Provisions expressly mentioned in the judgment/order text.
Application of company law to foreign companies extends debenture, charge registration and accounting obligations to Indian operations.
Provisions of the Act apply mutatis mutandis to foreign companies for debentures, annual returns (subject to rules allowing exceptions and adaptations), registration of charges on properties created or acquired by foreign companies, and Chapter XIV compliance for their Indian business; foreign companies must keep at their principal place of business in India the books of account recording monies received and spent, sales and purchases, and assets and liabilities arising from their Indian operations.
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