CIOI

Under Section 2(42), a foreign company is defined as a company incorporated outside India that:

• Has a place of business in India
• Conducts business activity in India
• Both (a) and (b)
• Only (a)

Which section of the Companies Act, 2013, mandates the filing of documents by a foreign company within 30 days of establishing a place of business in India?

• Section 379
• Section 380
• Section 381
• Section 382

If a foreign company’s paid-up capital is 60% held by Indian citizens, it must comply with:

• Only Chapter XXII
• Chapter XXII and other provisions as if it were an Indian company
• Only SEBI regulations
• No additional compliance

The financial statements of a foreign company must be filed with the Registrar within:

• 3 months of FY end
• 6 months of FY end
• 9 months of FY end
• 12 months of FY end

Which form is used for filing alterations in the documents of a foreign company?

• FC-1
• FC-2
• FC-3
• FC-4

A foreign company must display its name and country of incorporation:

• Only on its website
• Outside every office in India (in English + local language)
• Only in its MoA
• Only in annual reports

The annual return of a foreign company must be filed in:

• Form FC-1
• Form FC-3
• Form FC-4
• Form FC-2

Under Section 383, service of legal notices on a foreign company is valid if addressed to:

• Any employee in India
• The Registrar of Companies
• The authorized representative in India
• The CEO of the parent company

A prospectus issued by a foreign company must be filed with the Registrar under:

• Section 387
• Section 389
• Section 390
• Section 392

The penalty for a foreign company’s non-compliance under Section 392 is:

• ₹50,000–5 lakh
• ₹1–3 lakh + ₹50,000/day for continuing default
• Only imprisonment
• No penalty for first-time offenders