Amended and updated notes on section 386 of Companies Act 2013. Detail discussion on provisions and rules related to interpretation.
Chapter XXII (Section 379–393) of the Companies Act, 2013 (CA 2013) deals with the provisions related to companies incorporated outside India. Section 386 of CA 2013 provides for interpretation.
Recently, we have discussed in detail section 385 (Fee for registration of documents) of CA 2013. Today, we learn the provisions of section 386 of the Companies Act 2013.
The provisions of section 386 are effective from 12th September, 2013. You may refer Notification No. S.O. 2754(E) issued dated 12-09-2013. In this article, you will learn detail of the provisions of section 386 the Companies Act 2013 read with the Companies (Registration of Foreign Companies) Rules, 2014.
| Name of Act | The Companies Act 2013 |
|---|---|
| Enacted by | Parliament of India |
| Administered by | Ministry of Corporate Affairs (MCA) |
| Number of Chapters | 29 |
| Number of Sections | 484 (470-43+57) |
| Number of Schedules | 7 |
| You are reading: | |
| Chapter No. | XXII |
| Chapter Name | Accounts of Companies |
| Section No. | 386 |
| Section Name | Interpretation |
| Monthly Updated Edition | Company Law PDF |
Section 386 of Companies Act 2013: Interpretation
Section 386 shall come into force on 12th September, 2013 vide Notification No. S.O. 2754(E) dated 12.09.2013 except clause (a) which shall come into force on 1st April, 2014 vide Notification No. S.O. 902(E) issued dated 27.03.2014.
For the purposes of the foregoing provisions of this Chapter, —
- (a) the expression “certified” means certified in the prescribed manner to be a true copy or a correct translation;
- (b) the expression “director”, in relation to a foreign company, includes any person in accordance with whose directions or instructions the Board of Directors of the company is accustomed to act; and
- (c) the expression “place of business” includes a share transfer or registration office.