Closure of foreign company place of business applies domestic company provisions where securities raised remain unpaid or unredeemed. The substituted provision makes the provisions of Chapter XX apply mutatis mutandis for closure of the place of business of a foreign company in India as if it were a company incorporated in India where the foreign company has raised monies through offer or issue of securities under the Chapter which have not been repaid or redeemed, subject to the provisions of section 376.
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Provisions expressly mentioned in the judgment/order text.
Closure of foreign company place of business applies domestic company provisions where securities raised remain unpaid or unredeemed.
The substituted provision makes the provisions of Chapter XX apply mutatis mutandis for closure of the place of business of a foreign company in India as if it were a company incorporated in India where the foreign company has raised monies through offer or issue of securities under the Chapter which have not been repaid or redeemed, subject to the provisions of section 376.
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