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CS Professional · Compliance Management, Audit and Due Diligence · Compliance Framework

Lotus Exports Ltd, a foreign company, established a place of business in India on 1 June. By when must it deliver the documents under section 380(1) to the Registrar, and what must it do if its charter is later altered?

A foreign company must deliver the prescribed documents to the Registrar within thirty days of establishing its place of business in India. If any delivered document is altered, it must deliver a return of the alteration particulars within thirty days of that alteration.

  1. AWithin thirty days of establishing the place of business; deliver a return of alteration within thirty days of the alterationCorrect
  2. BWithin sixty days of establishing the place of business; deliver a return within thirty days of the alteration
  3. CWithin thirty days of establishing the place of business; no return is needed for alterations
  4. DWithin ninety days of establishing the place of business; deliver a return within sixty days of the alteration

Explanation

Section 380(1) requires delivery within thirty days of establishing a place of business in India. Section 380(3) requires a return of the particulars of any alteration within thirty days of the alteration. The other options use wrong periods or ignore the alteration return.

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