Power to Wind Up Foreign Companies, Although Dissolved.                                                                Notified Date of Section: 7/12/2016

 Effective Date: 15/12/2016

376. Where a body corporate incorporated outside India which has been carrying on business in India, ceases to carry on business in India, it may be wound up as an unregistered company under this Part, notwithstanding that the body corporate has been dissolved or otherwise ceased to exist as such under or by virtue of the laws of the country under which it was incorporated.