Re: Obtaining of NoC for Company Incorporation
This query is : Resolved
11 November 2010
In connection with the above sited subject, I would like to draw your kind attention on my query mentioned below:
I am engaged in incorporating a Company in India (say “Company C”) which is going to be subsidiary of another Foreign Company incorporated outside India (say “Company B”) which in turn is the subsidiary of another Foreign Company (say “Company A”). The proposed Company C is to be incorporated with the name which contains a word that is the registered trademark and a part of the name of Company A.
My query is do I need to obtain the No objection Certificate (NoC) from Company A, and if so, would the NOC in the form of a letter suffice or does it necessarily have to be a board resolution?
Learned members are requested to consider the above query and solicit their views on the same.
Thanks & Regards,
Mitesh Darji
In connection with the above sited subject, I would like to draw your kind attention on my query mentioned below:
I am engaged in incorporating a Company in India (say “Company C”) which is going to be subsidiary of another Foreign Company incorporated outside India (say “Company B”) which in turn is the subsidiary of another Foreign Company (say “Company A”). The proposed Company C is to be incorporated with the name which contains a word that is the registered trademark and a part of the name of Company A.
My query is do I need to obtain the No objection Certificate (NoC) from Company A, and if so, would the NOC in the form of a letter suffice or does it necessarily have to be a board resolution?
Learned members are requested to consider the above query and solicit their views on the same.
Thanks & Regards,
Mitesh Darji
11 November 2010
Hi....
In my opinion u need to btain an NOC from Company 'A' and the NOC in the form of a letter would be suffice......
In my opinion u need to btain an NOC from Company 'A' and the NOC in the form of a letter would be suffice......
11 November 2010
Board resolution of company A is also required.
11 November 2010
Hi
I think NOC will be sufficient, because some country not passing Board resolution, like China.
Please suggest if I am wrong.
I think NOC will be sufficient, because some country not passing Board resolution, like China.
Please suggest if I am wrong.
22 November 2010
Dear sirs,
In continuation with my earlier mails, we have obtained NoC letter from the Parent Company.However, the following are the points which i would like to discuss & confirm:
The NoC letter has been obtained from the Parent Company's Branch office in Mumbai and it is signed by the Authorised Signatory of the parent company on the letterhead of the Branch office. Now a question arises whether there is any requirement to get the NoC Notarised & consularised or just attestation from the PCS will serve the purpose. You may also note that the NoC is signed in India.
Memebers are requested to consider the above query and solicit their views on the same.
In continuation with my earlier mails, we have obtained NoC letter from the Parent Company.However, the following are the points which i would like to discuss & confirm:
The NoC letter has been obtained from the Parent Company's Branch office in Mumbai and it is signed by the Authorised Signatory of the parent company on the letterhead of the Branch office. Now a question arises whether there is any requirement to get the NoC Notarised & consularised or just attestation from the PCS will serve the purpose. You may also note that the NoC is signed in India.
Memebers are requested to consider the above query and solicit their views on the same.
10 March 2011
The NOC from Branch office in India shall NOT be suffice. Kindly get the same from Company A in foreign country which should be notarised and apostiled(or Indian Embassy signing as the case may be)
Anuj
9810106211
Anuj
9810106211
10 March 2011
Anju Ji what u say about requirement of board resolution.
10 March 2011
Mr. B.Chackrapani Warrier kindly read my name correctly, I am ANUJ GUPTA.
Also Board Resolution should also be preferably obtained after notarised and apostiled(or Indian Embassy signing as the case may be)
Also Board Resolution should also be preferably obtained after notarised and apostiled(or Indian Embassy signing as the case may be)
11 March 2011
1) Misspelling is regretted.
2) Regarding resolution your observation is appreciated.
2) Regarding resolution your observation is appreciated.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- GST Regis.
- Tds on building rent monthly
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
