Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
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of <h1>Non-compliance by foreign companies under Companies Act 2013 affects legal actions but not contract validity or liability.</h1> Any failure by a company incorporated outside India to comply with the provisions of the relevant chapter of the Companies Act, 2013 does not affect the validity of its contracts, dealings, or transactions. However, the company is restricted from initiating any legal actions, claims, set-offs, or counterclaims related to such contracts or transactions until it complies with the applicable provisions of the Act. The company's liability to be sued remains unaffected by its non-compliance.
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