Opening a Branch in India by foreign Company

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CA Vijay Kumar Walande (Querist)
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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

Rasesh

Rasesh (Expert)
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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

CA Vijay Kumar Walande

CA Vijay Kumar Walande (Querist)
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08 March 2010 Thank you Rasesh.

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