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Application of sections 34 to 36 of Chapter XX (Section 391 of the Companies Act, 2013)

Application of sections 34 to 36 of Chapter XX (Section 391 of the Companies Act, 2013) :

Section 391 of the Companies Act, 2013 came into force partially from 1st April, 2014 which provides for Application of sections 34 to 36 of Chapter XX. According to this section:

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 IDR by a foreign company.

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