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The Companies Act, 1956

Companies Incorporated Outside India (Section 591 to Section 608)

Section 599 Company's failure to comply with Part not to affect Its liability under contracts, etc.

Section 599 Company's failure to comply with Part not to affect Its liability under contracts, etc.

Any failure by a foreign company to comply with any of the foregoing provisions of this Part shall not affect the validity of any contract, dealing or transaction entered into by the company or its liability to be sued in respect thereof; but the company shall not be entitled to bring any suit, claim any set off, make any counter-claim or institute any legal proceeding in respect of any such contract, dealing or transaction, until it has complied with the provisions of this Part.