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
Yes, form ODI needs to be submitted to RBI.
anuj
femaquery @ gmail.com
O P Bagla & Co LLP
New Delhi
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