Closure of foreign company place of business follows applicable chapter rules when securities proceeds remain unrepaid under the companies regime. Where a foreign company has raised monies through an offer or issue of securities under the relevant chapter and those monies have not been repaid or redeemed, the chapter's provisions apply mutatis mutandis for closure of its place of business in India as if the company were incorporated in India, subject to the statutory proviso.
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.
Closure of foreign company place of business follows applicable chapter rules when securities proceeds remain unrepaid under the companies regime.
Where a foreign company has raised monies through an offer or issue of securities under the relevant chapter and those monies have not been repaid or redeemed, the chapter's provisions apply mutatis mutandis for closure of its place of business in India as if the company were incorporated in India, subject to the statutory proviso.
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