https://www.scconline.com/blog/post/2021/08/06/foreign-companies-and-companies-incorporated-outside-india-exempted-from-purview-of-sections-387-to-392-to-the-extent-they-relate-to-offering-for-subscription-in-the-securities-and-requirements-relate/
Foreign companies and companies incorporated outside India exempted from purview of sections 387 to 392 to the extent they relate to offering for subscription in the securities and requirements related to prospectus