Company Law Settlement

Yes, it is applicable for foreign company 

find below circular of MCA

The definition says everything in Para 3 (II)(b), which is as below:-

(b) "company" means a company registered under the Companies Act, 1956 and a foreign company falling under, section 591 of the Act;

Regards,

well the defination of company itself say that it is applicable to foreign company

Definitions - In this Scheme, unless the context otherwise

requires, -

(a) "Act" means the Companies Act, 1956 (1 of 1956);

(b) "company" means a company registered under the

Companies Act, 1956 and a foreign company falling under

section 591 of the Act;

(c) "defaulting company” means a company registered under

the Companies Act, 1956 and a foreign company falling under

section 591 of the Act, which has made a default in filing of

documents on the due date(s) specified under the Companies

Act, 1956 and rules made there under;

(d) "designated authority" means the Registrar of Companies

having jurisdiction over the registered office of the company.

Check out this article for more information

/articles/bumper-offer-from-mca-for-defaulting-companies-5778.asp

Regards