How to Start A Branch company at abroad
This query is : Resolved
24 January 2010
A Indian pvt.ltd company wanted to start a branch company in abroad what is the procedures/formalities.
Is there any prior approval required from the ROC or RBI.
Is there any prior approval required from the ROC or RBI.
SUBRAMONY V
(Expert)
27 January 2010
It all depends on which sector your operate. What is the business of your company, software, IT/ITES ??
For Branches RBI or ROC approval is not needed if you are in IT/ITES sector
For Subsidiary you need to take RBI approval.
For Branches RBI or ROC approval is not needed if you are in IT/ITES sector
For Subsidiary you need to take RBI approval.
sivadas chettoor
(Expert)
14 February 2010
You can open a foreign branch by passing a resolution to that effect. See that funds are transferred in accordance with the FEMA 1999.
siva208@yahoo.com
siva208@yahoo.com
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