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Subsidiary of a foreign company

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(Querist)
13 July 2013 Dear Friends,
One of my clients has a company which is a subsidiary of a company based in Singapore having share capital Rs 35 crores. The Company has very nominal income. My queries are:

1) What are the reporting requirements under company law.
2) Implications under income tax law.
3) Any other law.
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CA. Anuj Gupta

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CA. Anuj Gupta (Expert)
14 July 2013 1. Normal as for any other Indian company for the purpose of yearly compliances.
2. Normal as per income tax law for Indian companies.
3. Under FEMA there are major compliances to blue done.


Anuj
femaquery@gmail.com
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