MCA exempts foreign & companies incorporated outside India from provisions of sections 387 to 392

MCA updates -07 Aug 2021

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MCA exempts foreign & companies incorporated outside India from provisions of sections 387 to 392 (offering for subscription in the securities, requirements related to the prospectus and all matters incidental thereto)

MCA notifies Companies (Registration of Foreign Companies) Amendment Rules, 2021 vide Notification No. G.S.R. 538(E) dated 5th August, 2021 (The purpose of this amendment is to exclude from the definition of foreign company u/s 2(42) of the Act, the electronic presence of a foreign company by the means of- electronic based offering of securities, subscription thereof or listing of securities in the IFSC).

MCA notifies Companies (Specification of definitions details) Third Amendment Rules, 2021 vide Notification No. G.S.R. 539(E) dated 5th August, 2021 (The purpose of this amendment is to exclude from the definition of foreign company u/s 2(42) of the Act, the electronic presence of a foreign company by the means of- electronic based offering of securities, subscription thereof or listing of securities in the IFSC.)