Zen Tech Ltd., a company incorporated in Singapore, in Bengaluru, India. The financial year of the 31st March 2025. As per the provisions of the…
CA Intermediate · Corporate and Other Laws · PYQS · January 2026
Zen Tech Ltd., a company incorporated in Singapore, in Bengaluru, India. The financial year of the 31st March 2025. As per the provisions of the Companies Act, 2013, Zen Tech Ltd. is required to file certain documents with the Registrar of Companies (ROC) every year. However, due to internal audit delays in its Singapore headquarters, the company could not finalize its financial statements by the end of September 2025. The management seeks clarification on the following points: (1) What documents need to be filed by Zen Tech Ltd. along with its financial statements, with the Registrar? (2) By what time should these documents normally be filed? Examine it as per the provisions of the Companies (Registration of Foreign Companies) Rules, 2014.
Suggested Answer and Working Notes:
(1) Under section 381 of the Companies Act, 2013 read with Rule 4 of the Companies (Registration Offices and Fees) Rules, 2014, every foreign company, shall along with the financial statement which it is required to file with the Registrar, attach thereto the following documents; namely: (i) Statement of related party transactions (ii) Statement of repatriation of profits (iii) Statement of transfer of funds (including dividends, if any) The above statements shall include such other particulars as are prescribed in the Companies (Registration of Foreign Companies) Rules, 2014. (2) All these documents shall be delivered to the Registrar within a period of 6 months from the close of the financial year of the foreign company to which the documents relate. Provided that the Registrar may, for any special reason, and on application made in writing by the foreign company concerned, extend the said period by a period not exceeding three months. Since, Zen Tech Ltd.'s financial year ends on 31 March 2025, it must file the documents by 30 September 2025 and if it applies for extension and if approved, the new due date may be extended upto 31 December 2025.
Topics: Companies Incorporated outside India
Related Questions in this Topic
- Galilio Ltd., a company incorporated in Germany, has established a place of business in Mumbai. Explain the relevant pro...
- Global Trade LLC is a company incorporated in the UK having a branch office in India. The company prepares its global fi...
- Akshat Limited is a company incorporated in Singapore, desires to establish a branch office at Mumbai. Advise whether th...
- Quiet Limited, a company incorporated outside India and to which provisions of Chapter XXII of the Companies Act, 2013 a...
- As per the provisions of the Companies Act, 2013, define the term "foreign company." Based on this definition, determine...