Opening a Branch in India by foreign Company
This query is : Open
CA Vijay Kumar Walande
(Querist)
05 March 2010
Dear Friends,
Please share some information about opening a branch in India by a foreign Company.
1. What are the steps to be taken into consideration.
2. what are the legal compliances
thank you
Please share some information about opening a branch in India by a foreign Company.
1. What are the steps to be taken into consideration.
2. what are the legal compliances
thank you
05 March 2010
Firstly the Company has to get approval from RBI, the apex foreign exchange management authority in India. Approval is usually granted for three years and can be renewed on expiry thereof.
Sections 592 to 602 of the Companies Act would be applicable to such Foreign company. The foreign company is firstly required to obtain a Certificate of establishment of place of business in India from the Registrar of Companies (ROC)and do all regular compliances as are required by the above referred sections.
For some details in the matter, please refer: https://business.gov.in/taxation/representative.php
Sections 592 to 602 of the Companies Act would be applicable to such Foreign company. The foreign company is firstly required to obtain a Certificate of establishment of place of business in India from the Registrar of Companies (ROC)and do all regular compliances as are required by the above referred sections.
For some details in the matter, please refer: https://business.gov.in/taxation/representative.php
CA Vijay Kumar Walande
(Querist)
08 March 2010
Thank you Rasesh.
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