Section 376 Power to wind up foreign companies, although dissolved – Companies Act 2013

Amended and updated notes on section 376 of Companies Act 2013. Provisions and rules related to power to wind up foreign companies, although dissolved.

Amended and updated notes on section 376 of Companies Act 2013. Detail discussion on provisions and rules related to power to wind up foreign companies, although dissolved.

Chapter XXI PART-2 (Section 375378) of the Companies Act, 2013 (CA 2013) deals with the provisions related to winding up of unregistered companies. Section 376 of CA 2013 provides for power to wind up foreign companies, although dissolved.

Recently, we have discussed in detail section 375 (Winding up of unregistered companies) of CA 2013. Today, we learn the provisions of section 376 of the Companies Act 2013.

The provisions of section 376 are effective from 15th December, 2016. You may refer Notification No. S.O. 3677(E) issued dated 7-12-2016. In this article, you will learn detail of the provisions of section 376 the Companies Act 2013.

Name of ActThe Companies Act 2013
Enacted byParliament of India
Administered byMinistry of Corporate Affairs (MCA)
Number of Chapters29
Number of Sections484 (470-43+57)
Number of Schedules7
You are reading:
Chapter No.XXI (PART-II)
Chapter NameWinding up of unregistered Companies
Section No.376
Section NamePower to wind up foreign companies, although dissolved
Monthly Updated EditionCompany Law PDF

Section 376 of Companies Act 2013: Power to wind up foreign companies, although dissolved

Section 376 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

Where a body corporate incorporated outside India which has been carrying on business in India, ceases to carry on business in India, it may be wound up as an unregistered company under this Part, notwithstanding that the body corporate has been dissolved or otherwise ceased to exist as such under or by virtue of the laws of the country under which it was incorporated.


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