Annual return ‑ Whether provisions of the section apply to a foreign company - Companies Law - Letter : No. 8/20/75‑CL-V,

Letter : No. 8/20/75 ‑ CL-V, dated 6 ‑ 11 ‑ 1975. Subject:- Annual return ‑ Whether provisions of the section apply to a foreign company On reconsideration the Department is of the view that the provisions of section 159 are not applicable to a foreign company not holding any share capital in India and whose shareholders are non‑Indians and are living outside India.