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CS Professional · Strategic Management and Corporate Finance · Foreign Funding - Instruments, Laws and Procedures

A foreign company delivered its documents to the Registrar in April. In August it changed the address of the person resident in India authorised to accept service of process. What must it do under the Companies Act, 2013?

The company must deliver a return containing particulars of the alteration, in the prescribed form, to the Registrar within thirty days of the alteration. Section 380(3) applies to any change in the documents earlier delivered, including details of the authorised person in India.

  1. AWait and report the change with its annual accounts
  2. BDeliver a return with particulars of the alteration within thirty days of the alterationCorrect
  3. CReport the change within ninety days
  4. DNo filing is required for a change of authorised person

Explanation

Section 380(3) says that where any alteration is made in the documents already delivered, the foreign company must deliver a return of the alteration in the prescribed form within thirty days of the alteration. Waiting for the accounts filing is not permitted.

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