Formation of Company Outside India - reg.

This query is : Resolved

P.karthik (Querist)
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15 December 2010 Our client wish to Open a Company outside India.

Query :

1.Who are the Regulatory Persons?

2.What are the Acts we have to follow?

3.What are the Procedures or Forms to be filed with Whom?

4.Shall we send Rs.37lacs as Share Capital
from now.(India).and its implifications.

Kindly reply.

CA. Anuj Gupta

CA. Anuj Gupta (Expert)
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09 March 2011 The Indian co. is allowed to invest in WOS up to 400% of net worth as per last audited balance sheet without prior approval of RBI.

Reporting is to be done within 30 days of investment to the AD Category - I bank in Form ODI (part I and II) with prescribed enclosures after which you will be granted a Unique Identification Number (UIN). Forms shall be submitted in physical form

Anuj
9810106211