09 January 2010
Respected. We require close the liaison office. please provide the procedure. which type of NOC required from Income Tax Department.(because we dont have any tax liabilities except tds deduction, which we paid allready). and from where we take this NOC. and how many days take this all formalities?
12 January 2010
PLEASE VISIT http://www.rbi.org.in/Scripts/bs_viewcontent.aspx?Id=1284
IT IS STATED AS BELOW:-
iii) Closure of Branch / Liaison Office/s With effect from July 01, 2008, the work related to closure of Branch / Liaison Offices, hitherto being done by the Reserve Bank (Central Office in the case of Branch Offices and Regional Office in the case of Liaison Offices), will be handled by the designated AD Category - I bank. The closure formalities shall be dealt with in accordance with Regulation 6 (1) (iii) of Notification No. FEMA 13/2000-RB dated May 3, 2000. In terms of the aforementioned Regulation, following documents are required to be obtained by the designated AD Category – I bank :
FURTHER IT IS STATED AS :-
c) No-objection / Tax Clearance Certificate from Income-Tax authority for the remittance/s or an undertaking from the applicant and a certificate from a Chartered Accountant as mentioned in A. P. (DIR Series) Circular No. 56 dated November 26, 2002.