Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Amendment: Section 379 renumbered; new subsection mandates application of Sections 380-386, 392, 393 to foreign companies.</h1> Section 379 of the principal Act is amended to be renumbered as subsection (2), with a new subsection (1) added. This new subsection states that Sections 380 to 386, as well as Sections 392 and 393, will apply to all foreign companies. However, the Central Government has the authority to exempt certain classes of foreign companies from these provisions via an Order published in the Official Gazette. Such Orders must be presented to both Houses of Parliament after issuance.
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