Section 391 of CA 2013 : Section 391: Application Of Sections 34 To 36 And Chapter Xx

CA 2013

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Explanation using Example

Imagine a technology firm based in Germany, "TechGmbH," decides to issue a prospectus to attract Indian investors. According to Section 391(1) of the Companies Act, 2013, the same rules that apply to an Indian company issuing a prospectus would also apply to TechGmbH. This means TechGmbH must comply with the Indian laws regarding the content and disclosure requirements of the prospectus, just as an Indian company would.

Further, suppose a Chinese mobile manufacturing company, "PhoneCo," wants to offer India...

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