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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
AI OCR ✕
of 
TaxTMI 
TaxTMI 
