Section 386 of CA 2013 : Section 386: Interpretation

Explanation using Example

Imagine a foreign company, "TechGlobal Inc.," decides to establish a share transfer office in India. According to Section 386 of The Companies Act, 2013, this share transfer office is considered a "place of business" within the country. This means that TechGlobal Inc. must adhere to the Indian regulatory requirements for foreign companies operating a place of business in India.

Furthermore, if TechGlobal Inc. has a person in India who instructs the Board of Directors, even if not formally appointed as a director, this person would be considered a "director" under the Act. Any documents that the company submits to the Indian authorities, such as a certified true copy of the company's financial statements, must be certified in the manner prescribed by Indian law, ensuring the documents are legally recognized as true copies or correct translations.