Search this Act

Jump directly to a section by number or title.

Complied AI Back to law library Reading nowCompanies Rules under the Companies Act, 201355 chapters · 1109 rules

Chapters55

Reading nowCompanies Rules under the Companies Act Act contents

Law library Updates

Search this Act

Jump directly to a section by number or title.

Rule 3: Business activity · Complied AI

Chapter 41
Rule 3

Rule 3Chapter 41

Business activity

Every company including foreign company which carries out its business through electronic mode, whether its main server is installed in India or outside India, which-

(i)

undertakes business to business and business to consumer transactions, data interchange or other digital supply transactions;

(ii)

offers to accept deposits or invites deposits or accepts deposits or subscriptions in securities, in India or from citizens of India;

(iii)

undertakes financial settlements, web based marketing, advisory and transactional services, database services or products, supply chain management;

(iv)

offers online services such as telemarketing, telecommuting, telemedicine, education and information research; or

(v)

undertakes any other related data communication services, whether conducted by e-mail, mobile devices, social media, cloud computing, document management, voice or data transmission or otherwise, shall be deemed to have carried out business in India.

Rule 2 Rule 3 Rule 4