CS Executive · Setting Up of Business, Industrial and Labour Laws · Corporate Entities - Companies
Ocean Crest Inc., incorporated in Delaware, sets up a place of business in Mumbai on 1 March. Within how many days of establishing the place of business must it deliver the prescribed documents (charter, address of principal office, list of directors, etc.) to the Registrar?
The foreign company must deliver the documents to the Registrar within thirty days of establishing its place of business in India, as required by Section 380(1) of the Companies Act, 2013. Longer periods such as sixty or ninety days are not provided.
- AThirty daysCorrect
- BSixty days
- CNinety days
- DOne hundred and eighty days
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. Sixty or ninety days are not the statutory period.
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