Companies Act Section 393: Company‘s failure to comply with provisions of this Chapter not to affect validity or contracts, etc.

THE COMPANIES ACT, 2013

ACT NO. 18 OF 2013

COMPANIES ACT 2013 SECTION 393 CHAPTER XXII

COMPANIES INCORPORATED OUTSIDE INDIA

 

Company‘s failure to comply with provisions of this Chapter not to affect validity of contracts, etc.— Any failure by a company to comply with the provisions of this Chapter shall not affect the validity of any contract, dealing or transaction entered into by the company or its liability to be sued in respect thereof, but the company shall not be entitled to bring any suit, claim any set-off, make any counter-claim or institute any legal proceeding in respect of any such contract, dealing or transaction, until the company has complied with the provisions of this Act applicable to it.

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