(i) of the count y of it5 incorporation in ever prospectus i biting sass in India for its shares or debentures. It may be noted. Swerve, that a foreign company may issue a prospectus even if it has DO pace of business in India (Sec. 603);
iii conspicuously e. Cubit on tile outside of every of face or place of business, its name tad the country of incorporation in Ingush and in the region
(iii) give the Irate Or t lie company and the country of I: English la Gauge in all business letters, bill heads and letter paper and hi all notices and ether official publications of the company and
(rims stile in as eyras Getups and in all of icily publications and exhibit outside ever erp office or place of business whether the
Of Lice n here documents to he delis erred Mull any foreign company’s required to deliver to the Regis- tat of Compares shall be deli erred to the Registrar having jurisdiction over Delhi and also to the Registrar of the State in which the place of business of the company is situated. If any foreign company ceases to have a place of business in India, it must for whitish give notice of the act to Ice Registrars refer above, and as from the Dale on which notice is so given, the obligation of the company to deliver any document to the Registrars shall cease
Penalties. If arty foreign company fails to cannily with any of the foregoing provisions, the company and evenly erp officer or agent of the company, who is in default, shall be punishable with fine extending lip to Rest 1,()00 and in the case of cornea of Lice with an additional fine which may extend to Rest. IUO for as Ore day during which the default continues Further. an such defiant foreign company shall not be entitled to enforce any- contract c,} w fly of a suit or set-off or counter claim thou go it be liable to be sued ii m-aspect of an contract it m by have entered into
50 'S: SECRETARIAL PRACTICE
'ii! We previsions of Section 209A (inspection of books of account, etc.), Section 233A (power of Central Government to direct special audit in certain cases), Section 233B (audit of cost accounts in certain cases), and Sections 234 to 246 improver of Registrar to call for information or explanation and investigation of affairs of company by Cenir..l Government) shall, so far as may be. apply only to the Indian business of a foreign company as they apply to a company incorporated m India [Sec. 600(3)(b)(ill)].
(iii) In respect of foreign companies, in whiclcent or more of the paid-up share capital (letter equity or preference or partly equity and portly preference) IS held by Indict citizens and/or companies incorporated in India, such other provisions of the Act as may be notified by the Govern lent with regard to business carried on by them in India, will be come applicable to such foreign companies as they apply to a company incorporated in India [Sec. 591(2)].
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