Compliances that a foreign company needs to follow

InstaFiling Team | Last updated: 03 May 2022

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Foreign companies operating in India must adhere to strict compliances outlined in the Companies Act 2013. This includes timely reporting of business establishment via E-FORM FC-1, updating registrar details with E-Form FC-2, and filing financial statements and business place lists using E-Form FC-3. Audits by Indian chartered accountants are mandatory, and annual returns must be filed through E-Form FC-4. Additionally, specific statements regarding related party transactions, profit repatriation, and fund transfers, all approved by the RBI, are required.

A foreign company that has been incorporated in India with the due process must adhere to certain compliance that is extremely important. There are several compliances that a foreign company needs to follow in todays market. The newCompanies Act 2013has various new provisions that have made the comp

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About the Author

InstaFiling Team

Compliance Expert

InstaFiling is a Consulting based startup company that provides Incorporation and Compliance Services for MSMEs across the country. It is a team of enthusiastic professionals carrying over seven years of experience with top international firms. We are certainly Indias Leading Compliance Services Platform. We ar ... Read more

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