Overseas looking for India...
Overseas companies are required to obtain general or special permission of the Reserve Bank of India (RBI) for carrying out any activity relating to agriculture or plantation.
A foreign company or individual planning to set up business operations in India – but choosing not to establish a subsidiary or to form a joint venture with an Indian partner – can do so by establishing Liaison, Project and Branch offices in India. Approval from the RBI is required for opening such offices. Application for setting up such offices may be submitted to RBI in form FNC 1 (forms can be downloaded from http://www.rbi.org.in/scripts/BS_ViewFemaForms.aspx). Such companies also have to register themselves with the Registrar of Companies (ROC – for contact information check http://www.namasthenri.com/shares/ROC.HTM) within 30 days of setting up a place of business in India.
A foreign company or individual planning to set up business operations in India – but choosing not to establish a subsidiary or to form a joint venture with an Indian partner – can do so by establishing Liaison, Project and Branch offices in India. Approval from the RBI is required for opening such offices. Application for setting up such offices may be submitted to RBI in form FNC 1 (forms can be downloaded from http://www.rbi.org.in/scripts/BS_ViewFemaForms.aspx). Such companies also have to register themselves with the Registrar of Companies (ROC – for contact information check http://www.namasthenri.com/shares/ROC.HTM) within 30 days of setting up a place of business in India.
posted by Neetz @ 10:27 AM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home