New 55% Off on All Courses - Enroll Now! Click Here

    Question

    Which of the following statement is true relating to the

    display of name of foreign company as per the provisions contained in the Companies Act?
    A Conspicuously exhibit on the outside of every office in India, the name of the company and the country in which it is incorporated, in English characters Correct Answer Incorrect Answer
    B The company shall cause the name of the company and of the country in which the company is incorporated, to be stated in English characters in all business letters, billheads and letter paper, notices etc. Correct Answer Incorrect Answer
    C Both a & b Correct Answer Incorrect Answer
    D Either a or b Correct Answer Incorrect Answer

    Solution

    Section 382. Display of name, etc., of foreign company: Every foreign company shall: (a) conspicuously exhibit on the outside of every office or place where it carries on business in India, the name of the company and the country in which it is incorporated, in letters easily legible in English characters, and also in the characters of the language or one of the languages in general use in the locality in which the office or place is situate; (b) cause the name of the company and of the country in which the company is incorporated, to be stated in legible English characters in all business letters, billheads and letter paper, and in all notices, and other official publications of the company; and (c) if the liability of the members of the company is limited, cause notice of that fact— (i) to be stated in every such prospectus issued and in all business letters, bill-heads, letter paper, notices, advertisements and other official publications of the company, in legible English characters; and (ii) to be conspicuously exhibited on the outside of every office or place where it carries on business in India, in legible English characters and also in legible characters of the language or one of the languages in general use in the locality in which the office or place is situate.

    Practice Next

    Relevant for Exams: