Application of sections 34 to 36 and Chapter XX :
Section – 391. (1) The provisions of sections 34 to 36 (both inclusive) shall apply to—
| (i) | the issue of a prospectus by a company incorporated outside India under section 389 as they apply to prospectus issued by an Indian company; | |
| (ii) | the issue of Indian Depository Receipts by a foreign company. |
[(2) Subject to the provisions of section 376, the provisions of Chapter XX shall apply mutatis mutandis for closure of the place of business of a foreign company in India as if it were a company incorporated in India in case such foreign company has raised monies through offer or issue of securities under this Chapter which have not been repaid or redeemed.]