Appliicability of CARO

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Yogesh Sapre (Querist)
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03 July 2010 A foreign company registered in Germany has got liaison office in india.
It is involved only in marketing strategy, Sales strategy etc.

It doesnt make any sale. In short only expenditure is made out of remittances received from the head office(Germany)to attain the above objectives.

Whether CORO will be applicable to the said liaison office situated in India.Legal Substantiation will be highly appreciated.

Thrissurkkaran Ishtan

Thrissurkkaran Ishtan (Expert)
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02 September 2010 Can you please specify the legal corporate structure under which it operates in India?
It is just a branch office or registered as a limited company.

Pls note that CARO is applicable only to companies (as per Indian Companies Act)