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CS Professional · Environmental, Social and Governance (ESG) - Principles and Practice · Legislative Framework of Corporate Governance in India

Lotus Textiles Ltd., incorporated in Mauritius, has a place of business in Surat. Which statement about its documents obligations is correct?

The company must deliver the prescribed documents, such as its charter, registered office address, list of directors and an authorised person in India, to the Registrar within thirty days of establishing its place of business in India, under section 380(1).

  1. AIt must deliver the prescribed documents to the Registrar within thirty days of establishing its place of business in IndiaCorrect
  2. BIt must deliver them within ninety days of its first Indian sale
  3. CIt need not deliver anything unless it is held by Indian citizens
  4. DIt must deliver them only on a request by the Tribunal

Explanation

Section 380(1) requires every foreign company to deliver the specified documents to the Registrar within thirty days of establishing its place of business in India. The obligation is not dependent on Indian shareholding, which is relevant to section 379(2).

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