RBI Compliance for foreign subsidiary company

Provisions of foreign exchange management act 1999 are to be complied with. The subsidiary has to seek Permissions from RBI from time to time wherever required.

Originally posted by : M Agrawal
	Please let me know whether there should be any RBI compliance for any foreign subsidiary company providing software development services.

First of all the subsidiary should have been opened under the guidelines prescribed by RBI.(400% limit)

Secondly there is Annual Statement of Assets & Liabilities to be submitted by 15th July for such investement in subsidury by Indian Co.

Also the transactions between the foreign subsidiary and Indian Co. are subject to overall regulations of FEMA..

Anuj

091-9810106211

Originally posted by : CA. Anuj Gupta
	Originally posted by : M Agrawal Please let me know whether there should be any RBI compliance for any foreign subsidiary company providing software development services.   First of all the subsidiary should have been opened under the guidelines prescribed by RBI.(400% limit)   Secondly there is Annual Statement of Assets & Liabilities to be submitted by 15th July for such investement in subsidury by Indian Co.   Also the transactions between the foreign subsidiary and Indian Co. are subject to overall regulations of FEMA..

Thank you sir for the information.

Also the Indian company needs to submit Form APR certified by the auditor of Indian company before end of 3 months from the cloase of boks of accounts of foreign subsidiary.

Anuj

+91-9810106211

Dear all,
Please let me know where I can get to learn more about these regulations and due dates or the relevant notifications and laws.

Thanks in advance.

Thanks CA Anuj Gupta Sir

Kindly share form which regulations or act, I could study all the compliances with regard to foreign subsidiary.

Regards

CS Prigya Gupta

Thanks CA Anuj Gupta

Sir Kindly share form which regulations or act, I could study all the compliances with regard to foreign subsidiary.

Regards

CS GEETA BANSAL