Amended and updated notes on section 376 of Companies Act 2013. Detail discussion on provisions and rules related to power to wind up foreign companies, although dissolved.
Chapter XXI PART-2 (Section 375–378) of the Companies Act, 2013 (CA 2013) deals with the provisions related to winding up of unregistered companies. Section 376 of CA 2013 provides for power to wind up foreign companies, although dissolved.
Recently, we have discussed in detail section 375 (Winding up of unregistered companies) of CA 2013. Today, we learn the provisions of section 376 of the Companies Act 2013.
The provisions of section 376 are effective from 15th December, 2016. You may refer Notification No. S.O. 3677(E) issued dated 7-12-2016. In this article, you will learn detail of the provisions of section 376 the Companies Act 2013.
| Name of Act | The Companies Act 2013 |
|---|---|
| Enacted by | Parliament of India |
| Administered by | Ministry of Corporate Affairs (MCA) |
| Number of Chapters | 29 |
| Number of Sections | 484 (470-43+57) |
| Number of Schedules | 7 |
| You are reading: | |
| Chapter No. | XXI (PART-II) |
| Chapter Name | Winding up of unregistered Companies |
| Section No. | 376 |
| Section Name | Power to wind up foreign companies, although dissolved |
| Monthly Updated Edition | Company Law PDF |
Section 376 of Companies Act 2013: Power to wind up foreign companies, although dissolved
Section 376 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.
Where a body corporate incorporated outside India which has been carrying on business in India, ceases to carry on business in India, it may be wound up as an unregistered company under this Part, notwithstanding that the body corporate has been dissolved or otherwise ceased to exist as such under or by virtue of the laws of the country under which it was incorporated.