[Notification Date: 26.03.2014; Effective from: 01.04.2014,except sub-section (2)]; [sub-section (2) notified with effect from 15.12.2016 vide S.O. 3676 (E) dated 07.12.2016]
Section 391- Application of sections 34 to 36 and Chapter XX. [Corresponds to Section 598, 606, 607 of the Companies Act, 1956]
(1) The provisions of sections 34 to 36 (both inclusive) shall apply to:—
(i) the issue of a prospectus by a company incorporated outside India under section 389 as they apply to prospectus issued by an Indian company;
(ii) the issue of Indian Depository Receipts by a foreign company.
(2) The provisions of Chapter XX shall apply mutatis mutandis for closure of the place of business of a foreign company in India as if it were a company incorporated in India.[sub-section 2 notified with effect from 15.12.2016 vide S.O. 3676 (E) dated 07.12.2016]