Hello All!
Is FC 1 filing mandatory for Foreign Subsidiary Company. If Yes, please share the format of declaration to be submitted with regard to RBI approval.
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FC Form Filing
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Quick Summary
As per 2(42) of the Companies Act, 2013, "foreign company" means any company or body corporate incorporated outside India which,—
(a) has a place of business in India whether by itself or through an agent, physically or through electronic mode; and
(b) conducts any business activity in India in any other manner.
FC-1 is to be filed by Foreign Companies within thirty days of the establishment of its place of business in India. I don't know what you mean by foreign subsidiary company, but if it doesn't come under the definition above, it is not required to file FC-1.
For details on branch office approval from RBI, please see below link,
Master Direction - Establishment of Branch Office (BO)/ Liaison Office (LO)/ Project Office (PO) or any other place of business in India by foreign entities
Indian Company Regd under Companies Act 2013 will always be Indian Domicile company disregarding 100% investment from out of India , FC 1 is mandatory in case of BO/PO/LO only ...
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