Blue Leaf Limited, an Indian company with a total paid-up share capital of 50 crore, has a wide base of shareholders, including a large number…

CA Intermediate · Corporate and Other Laws · RTP · September 2025
Blue Leaf Limited, an Indian company with a total paid-up share capital of 50 crore, has a wide base of shareholders, including a large number residing in the Middle East. Out of its total capital, 15 crore worth of shares are held by members residing in Kuwait. To facilitate better maintenance of records and communication with its overseas shareholders, the company decides to open a foreign register in Kuwait containing the names and particulars of those members and other security holders residing there. The foreign register is formally opened on November 1, 2024. Which of the following actions is Blue Leaf Limited required to take in this context?
(A) File a resolution passed by the Board approving the foreign register with the Registrar of Companies within 60 days from November 1, 2024.
(B) Send an intimation to the Ministry of External Affairs within 15 days of opening the foreign register.
(C) File with the Registrar of Companies a notice of the situation of the Kuwait office within 30 days from November 1, 2024, along with the prescribed fee.
(D) Apply to the Reserve Bank of India for approval to maintain a foreign register outside India.

Suggested Answer and Working Notes:

Correct Answer: Option (C)

File with the Registrar of Companies a notice of the situation of the Kuwait office within 30 days from November 1, 2024, along with the prescribed fee.

Topics: Registration of Charges

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