Opening of wholly owned subsidiary by an indian co. abroad
This query is : Resolved
16 February 2013
Sir,
Please tell me the Provision & Procedure of setting up a Wholly owned subsidiary by an Indian company in Myanmar (Burma).
The company deals in veneers a form of plywood. The company is a private company.
Please tell me the Provision & Procedure of setting up a Wholly owned subsidiary by an Indian company in Myanmar (Burma).
The company deals in veneers a form of plywood. The company is a private company.
Ajay Mishra
(Expert)
17 February 2013
Hi
I will suggest you to Pass 2 and 3 Board Resolution for this:
1. Open an WOS out side India
2. Investment out of India
3. Opening of Bank A/c out of India
4. Authorisation to some one who deal overseas
Please also read ODI (Overseas Direct Investment) Guidelines, Issued by RBI for the same.
I will suggest you to Pass 2 and 3 Board Resolution for this:
1. Open an WOS out side India
2. Investment out of India
3. Opening of Bank A/c out of India
4. Authorisation to some one who deal overseas
Please also read ODI (Overseas Direct Investment) Guidelines, Issued by RBI for the same.
Ajay Mishra
(Expert)
18 February 2013
Yes, it will be required to take approval by submitting ODI Form with RBI.
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