MCA UPDATE
Provision of Section 381(1)(a) of the Companies Act, 2013
Central Government vide notification dated 19th July, 2016 has directed that the requirement of clause (a) of sub-section (1) of section 381 of the Act shall apply to a foreign company which is an airlines company having a share capital, subject to the exceptions and modifications as specified.
This notification shall come into force on the date of its publication in the Official Gazette
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