CS Professional · Environmental, Social and Governance (ESG) - Principles and Practice · Legislative Framework of Corporate Governance in India
Arbor Foods GmbH, a German company with a Chennai branch, changes its authorised representative in India on 10 March. Under the Companies Act, 2013, what must it do?
Arbor Foods must deliver a return containing the particulars of the alteration, in the prescribed form, to the Registrar within thirty days of the change. Section 380(3) extends the filing duty beyond the initial documents to any later alteration in them.
- ADeliver a return of the alteration to the Registrar within thirty days of the alteration, in the prescribed formCorrect
- BDeliver a return to the Registrar before 31 March of the next financial year
- CDeliver a return within sixty days of the alteration
- DMake no filing, as only the initial documents need delivery
Explanation
Section 380(3) requires that where any alteration is made in the documents delivered, the foreign company delivers a return of particulars of the alteration in the prescribed form within thirty days. The change in the person authorised to accept service is covered by documents under 380(1)(d). Thus the thirty-day return is needed, not nil filing.
Did you get it right without looking?
One question tells you little. A timed set on Legislative Framework of Corporate Governance in India shows your real accuracy, how long you take and where you lose marks.
More Legislative Framework of Corporate Governance in India questions
- Which of the following correctly describes the composition of the Selection Committee that recommends Members of the Tribunal under the Comp…
- Aarav Industries Ltd argues that the appointment of a Member of the NCLT is invalid because one seat on the Selection Committee was vacant w…
- Orion Global Inc., incorporated abroad, carried on business in India, raised money by offering securities under the relevant Chapter that re…
- Meridian Pharma Ltd., a company registered in India, proposes to merge into Bright Labs Corp., incorporated in a country notified by the Cen…
- Orion Corp., incorporated in Dubai, has 60% of its paid-up share capital (equity and preference together) held by Indian citizens and Indian…
- A Selection Committee under the Companies Act, 2013 is meeting to recommend a Technical Member of the NCLAT. The members present are split t…