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CS Executive · Setting Up of Business, Industrial and Labour Laws · Corporate Entities - Companies

Zenith Holdings, a foreign company, delivered its documents to the Registrar on registering a place of business in Pune. Six months later its list of directors changed. What must it do under the Act?

The foreign company must deliver to the Registrar a return containing the particulars of the alteration in the prescribed form within thirty days of the alteration, under Section 380(3). It cannot wait for the annual accounts, and a one-time filing is not enough.

  1. ADeliver a return of the alteration to the Registrar within thirty days of the alterationCorrect
  2. BWait and report the change with its next balance sheet
  3. CDeliver a return within ninety days of the alteration
  4. DNothing, as only the original filing is required

Explanation

Section 380(3) requires a foreign company to deliver a return of particulars of any alteration in the documents delivered, in the prescribed form, within thirty days of the alteration. Waiting for the balance sheet is not permitted.

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