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CA Intermediate · Corporate and Other Laws · Companies Incorporated Outside India

Helvetia Tools AG, a foreign company with a place of business in Chennai, changes the address of its principal office in Switzerland and also replaces one of its directors. Under the Companies Act, 2013, what must it do?

Helvetia Tools must inform the Registrar of the alterations within the prescribed period. A foreign company that changes particulars already filed, such as its principal office address or directors, must deliver the prescribed particulars of the alteration to the Registrar; neither NCLT nor RBI prior approval is needed.

  1. ANothing, as changes outside India need not be reported
  2. BInform the Registrar of the alteration within the prescribed periodCorrect
  3. CObtain prior approval of the National Company Law Tribunal
  4. DSeek approval of the Reserve Bank of India before making the change

Explanation

Where any alteration is made in the documents or particulars filed with the Registrar, such as the charter, address of the registered office, directors or secretary, the foreign company must deliver to the Registrar the prescribed particulars of the alteration within the prescribed time. NCLT or RBI prior approval is not required for this reporting, and reporting is not waived because the change occurs abroad.

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