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Foreign Comapny Registration

CA CS Amit Borade (Chief Accountant) (2828 Points)

25 March 2010

Hi All

Please provide me procedure to register Foreign Company with ROC? How much is the ROC filling fees?

In my case foreign company has not registerd with ROC but it is registered with RBI for FEMA. So it is attracting penaly for non registration & non filing of yearly documents. the default is continuing in nature since last 3 years.

Please guide how to approch Compounding officer for the same issue?

Thanks & Regards

Amit B.

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5 Replies

Archit (Practice) (27 Points)
Replied 25 March 2010

Dear Amit,

You can refer section 592 and E Form- 44 for registration of foreign Co. Please note that the relevant papers must be apostilled by the Foreign Co.

Further, you don't need to go for compounding (ROC) as the matter can be sorted out by paying additional fees. Please note that the fees is Rs. 5,000/- and additional fees in your case will be Rs. 45,000/-.

Sachin (Chartered Accountant) (419 Points)
Replied 25 March 2010

Dear Amit,

Answer of Archit is correct you can write me email in this regard. my email id is sachinagarwalcallb @ gmail.com

CA CS Amit Borade (Chief Accountant) (2828 Points)
Replied 26 March 2010

Hi Archit & Sachin

Thanks a lot.

But As per section 598 non compliance of any of the section by foreign company, shall be punishable with fine which may extend to Rs. 10,000/- & in case of continuing offence with an additional penalty of Rs. 1,000 per day.

So Section 598 is not going to apply to this case?

How u have calculated the fine? which section?

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