Skip to content

CS Executive · Setting Up of Business, Industrial and Labour Laws · Setting up of Branch Office, Liaison Office and Wholly Owned Subsidiary by Foreign Company

Kestrel Ltd, incorporated in Singapore, has a branch in Gurugram. Two years after registration, it changes its list of directors, which is among the documents delivered to the Registrar. What must it do?

The company must deliver to the Registrar, within thirty days of the alteration, a return in the prescribed form giving particulars of the change. Section 380(3) requires this whenever documents earlier delivered are altered, so the change cannot wait for an annual filing.

  1. ADeliver a return of the alteration within thirty days of the alterationCorrect
  2. BDeliver a return of the alteration within sixty days
  3. CWait until the next annual filing to report it
  4. DDo nothing, as only the first filing is required

Explanation

Under Section 380(3), where an alteration is made in the documents delivered, the foreign company must deliver a return with particulars of the alteration in the prescribed form within thirty days of the alteration. Waiting for annual filing or skipping it breaches this.

Did you get it right without looking?

One question tells you little. A timed set on Setting up of Branch Office, Liaison Office and Wholly Owned Subsidiary by Foreign Company shows your real accuracy, how long you take and where you lose marks.

Practise Setting up of Branch Office, Liaison Office and Wholly Owned Subsidiary by Foreign CompanyFree diagnostic mock

More Setting up of Branch Office, Liaison Office and Wholly Owned Subsidiary by Foreign Company questions