12. Q Limited, a company incorporated outside India, entered into a contract with L Limited (incorporated in India) for supply of machinery.…
CA Intermediate · Corporate and Other Laws · MTP · September 2026
12. Q Limited, a company incorporated outside India, entered into a contract with L Limited (incorporated in India) for supply of machinery. However, Q Limited failed to comply with certain provisions of Chapter XXII of the Companies Act, 2013 relating to foreign companies. In this context, which of the following statements is correct?
Suggested Answer and Working Notes:
Correct Answer: Option (B)
(b) The contract remains valid, but Q Limited cannot initiate legal proceedings until it complies with the provisions.
Topics: Registration of Charges
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