MCA exempts Foreign Cos. from applicability of provisions of Section 387 to 392 relating to prospectus in IFSCs
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- Last Updated on 7 August, 2021
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NOTIFICATION NO. S.O. 3156(E), Dated 05.08.2021
The Central Government has exempted foreign companies and companies incorporated or to be incorporated outside India from the applicability of the provisions of sections 387 to 392 (both inclusive), with respect to the prospectus, and all matters incidental thereto in the International Financial Services Centres set up under section 18 of the Special Economic Zones Act, 2005.
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