Appliicability of CARO
This query is : Resolved
Yogesh Sapre
(Querist)
03 July 2010
A foreign company registered in Germany has got liaison office in india.
It is involved only in marketing strategy, Sales strategy etc.
It doesnt make any sale. In short only expenditure is made out of remittances received from the head office(Germany)to attain the above objectives.
Whether CORO will be applicable to the said liaison office situated in India.Legal Substantiation will be highly appreciated.
It is involved only in marketing strategy, Sales strategy etc.
It doesnt make any sale. In short only expenditure is made out of remittances received from the head office(Germany)to attain the above objectives.
Whether CORO will be applicable to the said liaison office situated in India.Legal Substantiation will be highly appreciated.
02 September 2010
Can you please specify the legal corporate structure under which it operates in India?
It is just a branch office or registered as a limited company.
Pls note that CARO is applicable only to companies (as per Indian Companies Act)
It is just a branch office or registered as a limited company.
Pls note that CARO is applicable only to companies (as per Indian Companies Act)
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