Section 393 of Indian Companies Act 2013 "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.
Section 394 of Indian Companies Act 2013 "Annual reports on Government companies"
(1) Where the Central Government is a member of a Government company, the Central Government shall cause an annual report on the working and affairs of that company to be -
(a) prepared within three months of its annual general meeting before which the comments given by the Comptroller and Auditor-General of India and the audit report is placed under the proviso to sub-section (6) of section 143; and
(b) as soon as may be after such preparation, laid before both Houses of Parliament together with a copy of the audit report and comments upon or supplement to the audit report, made by the Comptroller and Auditor-General of India.
(2) Where in addition to the Central Government, any State Government is also a member of a Government company, that State Government shall cause a copy of the annual report prepared under sub-section (1) to be laid before the House or both Houses of the State Legislature together with a copy of the audit report and the comments upon or supplement to the audit report referred to in sub-section (1).
What is Company's failure to comply with provisions of this Chapter not to affect validity of contracts, etc What is Annual reports on Government companies Section 393 and 394 of Indian Companies Act 2013
What is Admissibility of certain documents as evidence What are the Provisions relating to filing of applications, documents, inspection, etc., in electronic form Section 397 and 398 of Indian Companies Act 2013
What is Inspection, production and evidence of documents kept by Registrar What is Electronic form to be exclusive, alternative or in addition to physical form Section 399 and 400 of Indian Companies Act 2013