How to Start A Branch company at abroad
This query is : Resolved
24 January 2010
A Indian pvt.ltd company wanted to start a branch company in abroad what is the procedures/formalities.
Is there any prior approval required from the ROC or RBI.
Is there any prior approval required from the ROC or RBI.
27 January 2010
It all depends on which sector your operate. What is the business of your company, software, IT/ITES ??
For Branches RBI or ROC approval is not needed if you are in IT/ITES sector
For Subsidiary you need to take RBI approval.
For Branches RBI or ROC approval is not needed if you are in IT/ITES sector
For Subsidiary you need to take RBI approval.
14 February 2010
You can open a foreign branch by passing a resolution to that effect. See that funds are transferred in accordance with the FEMA 1999.
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