Section 393 of Companies Act, 2013

393. Company’s failure to comply with provisions of this Chapter not to affect validity of contracts, etc Any failure by a company to comply with the provisions of this Chapter 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,

Section 392 of Companies Act, 2013

392. Punishment for contravention Without prejudice to the provisions of section 391, if a foreign company contravenes the provisions of this Chapter, the foreign company shall be punishable with fine which shall not be less than one lakh rupees but which may extend to three lakh rupees and in the case of a continuing offence,

Section 391 of Companies Act, 2013

391. Application of sections 34 to 36 and Chapter XX (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

Section 390 of Companies Act, 2013

390. Offer of Indian Depository Receipts Notwithstanding anything contained in any other law for the time being in force, the Central Government may make rules applicable for— (a) the offer of Indian Depository Receipts; (b) the requirement of disclosures in prospectus or letter of offer issued in connection with Indian Depository Receipts; (c) the manner

Section 389 of Companies Act, 2013

389. Registration of prospectus No person shall issue, circulate or distribute in India any prospectus offering for subscription in securities of a company incorporated or to be incorporated outside India, whether the company has or has not established, or when formed will or will not establish, a place of business in India, unless before the

Section 388 of Companies Act, 2013

388. Provisions as to expert’s consent and allotment (1) No person shall issue, circulate or distribute in India any prospectus offering for subscription in securities of a company incorporated or to be incorporated outside India, whether the company has or has not been established, or when formed will or will not establish, a place of