Foreign Company - Definition - Law Dictionary Home Dictionary Definition foreign-company

Definition :

Foreign company. Every Company incorporated outside the United Kingdom, which has a place of business in the United Kingdom, has to comply with certain regulations laid down by Part XI., ss. 343-352 of the Companies Act, 1929. The regulations relate, inter alia, to the registration with the registrar of companies of a copy or translation of the instrument and regulations constituting the company, a list of directors with the statutory particulars and the names and addresses of one or more residents in Great Britain for service of notices and process on the company, and other important provisions. Companies incorporated in a British possession are empowered to hold land in the United Kingdom without prejudice to their powers by virtue of registration in Northern Ireland (s. 345). Special regulations are made for companies incorporated in the Channel Islands and the Isle of Man (s. 343).

The general provisions of the Companies Act, 1929, relating to charges on property in England and on property there acquired subject to charges, are made to apply to companies incorporated outside Great Britain and having an established place of business in England (s. 90).

As to certification of instruments constituting a foreign company or of a charge created under ss. 79 and 81, ibid., see the (English) Companies (Forms) Order, 1929, S.R. & O. 1929, No. 823.

Means a body corporate incorporated outside India, and includes a firm or other association of individuals. [Foreign Exchange Management (Establishment in India of Branch or Office or Other Place of Business Regulations, 2000, Reg. 2 (b)]