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>Foreign Companies Exempt from Sections 387-392 of Companies Act for Securities in IFSCs.</h1> The Central Government, exercising its authority under section 393A of the Companies Act, 2013, exempts foreign companies and companies incorporated outside India from the provisions of sections 387 to 392. This exemption applies to matters related to the offering of securities, prospectus requirements, and related issues within International Financial Services Centres established under section 18 of the Special Economic Zones Act, 2005. This notification was issued by the Ministry of Corporate Affairs on August 5, 2021.
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