CA Intermediate · Corporate and Other Laws · Companies Incorporated Outside India
Kestrel Holdings Ltd., incorporated in Singapore, establishes a place of business in Chennai. Within the prescribed period it must file certain documents with the Registrar. Which of the following is NOT among the documents a foreign company is required to deliver to the Registrar for registration?
The audited consolidated financial statements of Indian promoters for five years are not required. A foreign company files its charter or memorandum and articles, the address of its foreign office, the list of directors and secretary, the particulars of an authorised person in India, and its Indian business address.
- ACertified copy of the charter, statutes or memorandum and articles of the company, with a certified English translation if not in English
- BFull address of the registered or principal office of the company abroad
- CList of directors and secretary of the company
- DAudited consolidated financial statements of the Indian promoters of the company for the past five yearsCorrect
Explanation
A foreign company must file the certified charter/memorandum and articles (with translation if needed), the address of its registered or principal office, the list of directors and secretary, details of persons resident in India authorised to accept service, and the address of its Indian principal place of business. There is no requirement to file five years of consolidated financial statements of Indian promoters; that item is invented, which makes it the correct choice here.
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