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of <h1>Foreign Company Prospectus in India Needs Registration Per Clause 389 of Companies Bill, 2011; Must Include Section 388 Documents.</h1> Clause 389 of the Companies Bill, 2011 mandates that no prospectus offering securities of a company incorporated outside India can be issued, circulated, or distributed in India unless a certified copy, approved by the company's chairman and two directors, is registered with the Registrar. The prospectus must clearly state that registration has occurred and include any necessary consents and prescribed documents as required by section 388. This applies regardless of whether the company has or will have a business presence in India.
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