Establishing a establishment in india by foreign company
This query is : Resolved
bittu thomas CA Final
(Querist)
23 May 2013
My uncle who is residing at Australia having citizenship of indian origin wants to start a wholly subsidiary company in india to start business related with TIMBER. so what are the formalities & procedure to incorporate the above company & whose approval is needed to be taken & what are the legal frameworks which would be applicable to the company
Anil Sankar V
(Expert)
23 May 2013
is he investing the money, if yes,intimation and approval of RBI, the capital invested in india shall be within the limits specifed by RBI.
CA. Anuj Gupta
(Expert)
24 May 2013
Dear Bittu Thomas,
I suggest you to kindly engage a person having in depth knowledge of the procedures involved,may be locally, to accomplish the job.
Anuj
femaquery@gmail.com
I suggest you to kindly engage a person having in depth knowledge of the procedures involved,may be locally, to accomplish the job.
Anuj
femaquery@gmail.com
13 July 2013
Yews I agree with the expert but the thing is this first he has to register one comapny then he can buy the 100% shares in Indian Company to make that as wholly subsidiary of the Australian Company. For this expert advice and help is to be taken which will have some cost it will not be done free
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