Snap Shot regarding establishment of Place of business in India
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Snap Shot regarding establishment of Place of business in India

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    Snap Shot regarding establishment of Place of business in India Snap Shot regarding establishment of Place of business in India Document Transcript

    • 5/4/2012FLIER TAXPERT PROFESSIONALS PRIVATE LIMITED www.taxpertpro.com | BY CA. Sudha G. Bhushan www0
    • Snap shot relating to establishment of Business in IndiaParticulars Branch Office Wholly owned subsidiaryWhether prior approval of RBI Yes Will depend on sector, if inrequired automatic sector no prior approval*. If under Approval route then permission from FIPBPeriod for which valid Three years Till the company is wound upWhether ROC involved No approval from Registrar of Registration process shall go Companies [ROC]. through the ROC. Form 44 shall be filed after permission from RBI is takenInitial Documents Financials of foreign company Financial of parent company not required [there should be required. positive net worth for at least three years]Number of days required 30-60 working days after 20-25 working days after receipt of receipt of documents documents *annexure II along with KYC and Form FC GPR shall be required to be filed with RBI under automatic route as well Flier | vinay@taxpertpro.com | contact us at 09769134554