Setting up a Liaison office in India
We are the Group of Professionals compromising Chartered Accountants, Company Secretary and other professional Consultants providing Corporate law services, Company Registration and Incorporation Services in India. Our Team helps Foreign Company or entities to setup there business in India. We are specialise in opening and registering the Wholly owned Subsidiary, Liaison office, Branch office or Joint Venture in India. We can helps the foreign company to setup their Wholly owned subsidiary or any Indian Venture in almost every metro city in India. We have our offices in Noida, Gurgaon, New Delhi, Mumbai.
Registration Process for opening a Liaison office in India
- • To open a Liaison office, the foreign parent company has to apply to the Reserve Bank of India and is generally granted permission within 2 to 4 weeks.
- • Approval is usually granted for three years and can be renewed on expiry thereof.
- • The companies desirous of opening a liaison office in India may make an application in form FNC-1 along with the documents mentioned therein to Foreign Investment Division,Foreign Exchange Department, Reserve Bank of India, Central Office, Mumbai.
- • In addition to this, the foreign company is also required to obtain a Certificate of establishment of place of business in India from the Registrar of Companies (ROC).
- • Form FC-1
- • A certified copy of the charter, statutes or memorandum and articles, of the company or other instrument constituting or defining the constitution of the company and, if the instrument is not in the English language, a certified translation thereof in the English language
- • The full address of the registered or principal office of the company;
- • The full address of the office of the company in India which is deemed to be its principal place of business in India;
- • List of directors and secretary of the foreign company.
- • Reserve bank of India approval letter.
- • Power of Attorney for Authorised Representative in India.
- In September 2012, RBI came out with a new circular which enlarged the reporting requirement for a Liaison Office. The Circular mandated that:
- • A Liaison Office shall submit a report containing information in a prescribed form within five working days of the Liaison Office becoming functional to the Director General of Police (DGP) of the state concerned in which Liaison Office/BO/PO has established its office; if there are more than one office of such a foreign entity, in such cases to each of the DGP concerned of the state where it has established office in India;
- • A copy of the report as per Annex shall also be filed with the DGP concerned on annual basis along with a copy of the Annual Activity Certificate/Annual report required to be submitted by the Liaison Office concerned, as the case may be.
- • A copy of report thus filed as above shall also be filed with AD by the Liaison Office concerned.
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