Section 3 – APPLICATION OF SECTION 159 TO FOREIGN COMPANIES RULES

3. Adaptation of section 159 in its application to foreign companies

The provisions of section 159 shall, in its application to a foreign company, apply subject to the following modifications and adaptations, namely.-

In section 159,-

 

(A) for sub-section (1), the following sub-section shall be substituted, namely:-

 

“(1) Every foreign company having a share capital shall in each year prepare and file with the Registrar, within sixty days from the last day of its financial year, a return containing the particulars, as on that day, regarding the following matters, namely:-

 

(i) the address of the registered or principal office of the company;

 

(ii) if any part of the register of members or debenture-holders of the company is kept in India, the address of the place where such part of the register is kept;

 

(iii) the shares issued for cash, bonus shares, and shares (other than bonus shares) issued (otherwise than for cash) as fully or partly paid-up shares, and the following particulars shall be specified in respect of each such class of shares.-

 

(a) the amount of the nominal share capital of the company and the number of shares into which it is divided;

 

(b) the number of shares taken, from the incorporation of the company up to the specified day;

 

(c) the amount called up on each share up to the specified day;

 

(d) the total amount of calls received up to the specified day;

 

(e) the total amount of calls unpaid on the specified day;

 

(f) the total amount of the sums (if any) paid by way of commission in respect of any shares or debentures up to the specified day;

 

(g) the discount allowed on the issue of any shares issued at a discount or so much of that discount as has not been written off on the specified day;

 

(h) the total amount of the sums (if any) allowed by way of discount in respect of any debentures since the last day of the financial year with reference to which the last return was submitted;

 

(i) the total number of shares forfeited up to the specified day;

 

(j) the total amount of shares for which share warrants are outstanding on the specific day and of share warrants issued and surrendered respectively since the day referred to in sub-clause (h) and the number of shares comprised in each warrant;

 

(k) the total amount of the indebtedness of the company on the specified day in respect of all charges (including mortgages), on properties in India, requiring registration under section 600;

 

(l) the names, addresses, descriptions and occupations, if any, of all persons, who, on the specified day are members or debenture-holders of the company, and of persons who have ceased to be members or debenture-holders on or before the specified day and since the day referred to in sub-clause (h);

 

(m) the number of shares or debentures held by each of the existing members or debentures-holders, as the case may be, on the specified day, specifying the number of shares or debentures transferred since the day referred in sub-clause (h), by persons who are still members or debenture-holders and by persons who have ceased to be members or debenture-holders respectively, and the dates of registration of transfers and the names of transferees shall be arranged in the alphabetical order;

 

(n) the persons who on the specified day are the directors, managing director, manager or secretary of the company and persons who had ceased to hold such offices on or before that day and since the day referred to in sub-clause (h):

 

Provided that if any of the two immediately preceding returns has given as at the last day of the financial year with reference to which it was submitted, the full particulars required as to past and present members and the shares held and transferred by them, the return in question may contain only such of the particulars as relate to persons ceasing to be or becoming members since that day and to shares transferred since that day or to changes as compared with that day as to the number of shares held by a member.”

 

(B) for sub-section (2) and the proviso thereto, the following sub-section shall be substituted, namely.-

 

“(2) The said return shall be in the Form set out in Part II of Schedule V (as applicable to the foreign company under these Rules) or as near thereto as circumstances admit.”

 

(C) In Schedule V, for Part II, the following shall be substituted, namely:-

 

PART II: FORM

 

Annual Return of _________________ Limited made up to the _______________ day of _____________ 19 ___________

 

1. Address ______________________________________________

(Address of the established place of business in India)

 

2. (a) Situation of any part of the register of members or debentures kept in India.

    (b) Address of the place in which the part of the register is kept.

 

3. Summary of share capital and debentures.

    (a) Nominal share capital

Nominal share capital _____________     Rs. __________ divided into:

(insert number and class _________________ share of  each _________________ share of each ________________ share of each

    (b) Subscribed share capital and debentures

 

 

Number

class

 

Number of shares of each class taken

______________

______________

shares

 

______________

______________

shares

 

______________

______________

shares

Number of shares of each class issued subject to payment wholly in cash

______________

______________

shares

 

______________

______________

shares

 

______________

______________

shares

 

______________

______________

shares

Number of shares of each class issued as fully paid up for a consideration other than cash

______________

______________

shares

 

______________

______________

shares

 

______________

______________

shares

 

______________

______________

shares

Number of shares of each class issued as partly paid up for a consideration other than cash and extent to which each such share is so paid-up

Issued as paid up to the extent of  Rs. ______________ per share

 

______________

______________

shares

 

Issued as paid up to the extent of Rs. ________ _______ share

 

______________

______________

shares

 

Issued as paid up to the extent of Rs. _________ per share.

Number of shares (if any) of each class issued at a discount.

______________

______________

shares

 

______________

______________

shares

 

 

 

 

 

Amount of discount on the issue which has not been written off Rs. ________

 

Amount called up on number of shares of each class

Rs. ___________

per share on

shares

 

Rs. ___________

per share on

shares

 

Rs. ___________

per share on

shares

 

Rs. ___________

per share on

shares

 

Total amount of calls received, including payment on application and allotment and any sums received on shares forfeited. Rs. ______________________

 

Total amount (if any) agreed to be considered as

 

____________ shares

paid on number of shares of each class issued as fully

Rs. __________ on

____________ shares

paid up for a consideration other than cash

 

____________ shares

Total amount (if any) agreed to be considered as

Rs. __________ on

____________ shares

paid on number of shares of each class issued as partly

 

____________ shares

paid up for a consideration other than cash

 

____________ shares

 

 

____________ shares

Total amount of calls unpaid

Rs. ____________

 

Total amount of the sums (if any) paid by way of commission in respect of any shares or debentures

Rs. ____________

 

Total amount of the sums (if any) allowed by way of discount in respect of any debentures since the date up to which the last return was made

Rs. ____________

 

Total number of shares of each class forfeited

_______________

____________ shares

 

_______________

____________ shares

 

_______________

____________ shares

Total amount paid (if any) on shares forfeited

Rs. _____________________

Total amount of shares for which share warrants to bearer are outstanding

Rs. _____________________

Total amount of share warrants to bearer issued and surrendered respectively since the date up to which the last return was made

Issued Rs ____________

Surrendered Rs. ______

 

Number of shares comprised in each share warrant to bearer, specifying in the case of warrants of different kinds, particulars of each kind ________________

 

4. Particulars of Indebtedness

 

Total amount of indebtedness of the company in respect of all charges (including mortgages) which are required to be registered with the Registrar

Rs. ______________

 

5. List of past and present members and debenture holders.1

 

List of persons holding shares or stock in the company at the date up to which the present annual return is made and persons who have held shares or stock therein at any time since the date up to which the last return was made or in the case of the first return at any time since the incorporation of the company.

 

1. In the case of a company which has issued debentures particulars about its debenture holders, past and present, should also be furnished under this item, adapting the form suitably for the purpose.

 

Folio register/ ledger containing particulars

Names, nationality, addresses, description and occupation, if any2

Father’s name/ husband’s name

 

Accounts of shares1

Remarks

No. of shares held by members at date up to which present annual return is made

Particulars of shares transferred (since the date up to which the last return was made) by (a) persons who are still members; and (b) persons who have ceased to be members3

Number

Date of registration of transfer4

(a)

(b)

 

 

 

 

 

 

 

 

 

6. Particulars of directors, managers and secretaries, past and present5

 

A. Particulars of the persons who are directors6 of the company on the date up to which the present annual return is made and of persons who ceased to be directors on or before that date and since the date up to which the last return was made.

 

Present name or names and surname in full

Any former name or names and surname in full

Nationality (and nationality of origin if different from present nationality)

Usual residential address

Business, occupation and particulars of directorship, managership, and  secretaryship held in other companies/bodies corporate

Date of birth

Date of appointment

Date of cessation, if any

1

2

3

4

5

6

7

8

 

 

 

 

 

 

 

 

 

1. The aggregate number of shares held by each member must be stated, and the aggregate must be added so as to agree with the number of shares stated in the summary of share capital and debentures to have been taken up.

 

2. If the names, in the list are not arranged in alphabetical order, an index sufficient to enable the name of any person to be readily found must be annexed.

 

3. When the shares are of different classes these columns should be sub-divided so that the number of each class held or transferred, may be shown separately. Where any shares have been converted into stock, the amount of stock held by each member must be shown.

 

4. The date of registration of each transfer should be given as well as the number of shares transferred on each date. The particulars should be placed opposite the name of transferor and not opposite that of the transferee, but the name of the transferee may be inserted in the “Remarks” column immediately opposite the particulars of each transfer.

 

5. The names of all bodies corporate carrying on business in India of which the director/manager or secretary is also a director/manager or secretary at column 5 of the Parts A and B.

 

6. ‘Director’ includes any person who occupies the position of a director by whatever name called.

 

B. Particulars of the person who is manager/secretary of the company on the date up to which the present annual return is made up and of the person(s) who ceased to be manager/secretary on or before that date and since the date up to which the last return was made.

 

Present name or names and surname, in full

Any former name or names and surname in full

Nationality (and nationality of origin, if different from present nationality)

Usual residential address

Business, occupation and particulars of directorship managerships, and secretaryships held in other companies, bodies corporate

Date of appointment

Date of cessation if any

1

2

3

4

5

6

7

 

 

 

 

 

 

 

 

Signed ………………………..  Director 

 

Signed……………… Director/Managing Director/Manager/Secretary

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