valid as on 25/12/2024

Section 393. Company's failure to comply with provisions of this Chapter not to affect validity of contracts, etc
Effective from 01-04-2014

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.


The Central Government may, by notification, exempt any class of—

(a) foreign companies;

(b) companies incorporated or to be incorporated outside India, whether the company has or has not established, or when formed may or may not establish, a place of business in India, as may be specified in the notification, from any of the provisions of this Chapter and a copy of every such notification shall, as soon as may be after it is made, be laid before both Houses of Parliament.

Inserted vide Companies (Amendment) Act, 2020 dated 28.09.2020 with effect from 22.01.2021. To view the Act, Click Here and to view the commencement notification, Click Here.

Commencement Notification S.O. 325(E) dated 22.01.2021 under Companies (Amendment) Act, 2020


Companies (Amendment) Act, 2020 dated 28.09.2020


Enforcement Notification S.O. 902(E) dated 26/03/2014


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