Setting up wholly owned subsidiary in usa

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Partner
34 Points Joined September 2013

Dear all,

I am curious to know if an Indian based private limited company is required to inform any statutory bodies i.e. RBI, FEMA, etc. before they form a wholly owned subsidiary in USA?

The company in USA is to be formed with the minimum required capital as per the laws in the USA.

Thanks

Sachin

 

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On 03 September 2013 at 15:29 Report
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Practices in NRI Int.Tax FEMA TP FD
7024 Points Joined May 2007

Yes, form ODI needs to be submitted to RBI.

 

anuj

femaquery @ gmail.com

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On 03 September 2013 at 22:24


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