Rule 7 - Foreign register of members, debenture holders, other security holders or beneficial owners residing outside India

Foreign register maintenance requires authorised overseas registers, duplicate transmission to Indian office and distinct registration for each security.

Companies authorised by their articles may keep part of their registers outside India as a foreign register, file notice of its office in Form No. MGT.3 within thirty days and on any change, and maintain the foreign register in the same format as the principal register. Foreign registers are open to inspection with prescribed advertisement on closure, and competent authority rectification decisions are binding. Entries must be made simultaneously after Board approval; copies of every entry must be sent to the company's registered office within fifteen days and a duplicate kept there, each duplicate being deemed part of the principal register. Securities in one register must be distinguished from those in others and cannot be double-registered during continuance; discontinuance requires transfer of entries to another register or the principal register.