Section 376 of Companies Act, 2013 – Power to wind up foreign companies although dissolved

SECTION 376. POWER TO WIND UP FOREIGN COMPANIES,
ALTHOUGH DISSOLVED

[Effective from 15th December, 2016]

Where a body corporate incorporated outside India which has been carrying on business in India, ceases to carry on business in India, it may be wound up as an unregistered company under this Part, notwithstanding that the body corporate has been dissolved or otherwise ceased to exist as such under or by virtue of the laws of the country under which it was incorporated.