Liaison Offices
This query is : Resolved
11 December 2008
I understand that a foreign company has the option of starting a business in India through a plethora of options - liason offices, branch offices, subsidiaries etc.
Assume that a foreign company chooses to open a liaison office and does so. What I would like to know is if there is a special procedure that a company is expected to follow if it want to convert this liaison office into a wholly owned subsidiary?
Assume that a foreign company chooses to open a liaison office and does so. What I would like to know is if there is a special procedure that a company is expected to follow if it want to convert this liaison office into a wholly owned subsidiary?
CS Vivek Hegde
(Expert)
13 December 2008
Abinav
Right now there is a confusion regarding this. A new notification from the ministry is coming up regarding this. I presume that if the area is not in Automatic Route FIPB Approval wl hv to be sought for opening WOS.
wl update u soon regarding this
RGDS
Vivek
Right now there is a confusion regarding this. A new notification from the ministry is coming up regarding this. I presume that if the area is not in Automatic Route FIPB Approval wl hv to be sought for opening WOS.
wl update u soon regarding this
RGDS
Vivek
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