law: Companies Act, 2013 
  393.
  
    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.