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change of registration status

kazutoshi machida (Japan Desk) (46 Points)

11 December 2009

Dear all exparts

Am offered from my client to change the registration status from liaison office to branch office.

Is it possible to do the same? and if it possible, how approach to RBI and ROC?

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4 Replies

Kumar (Legal Consultant) (358 Points)
Replied 11 December 2009

Please approach to the RBI first with proper application(FNC-1) making a note in the form itself for such conversion and then file Form -52 with ROC.

Regards

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kazutoshi machida (Japan Desk) (46 Points)
Replied 11 December 2009

Dear Mr. Kumar

Thank you for your prompt and beneficial answer for my query.

I have further query regarding the same as follows,

1. Should we attach all the required documents with FNC-1 at the time of establishment for Branch office such as MOA/AOA of parent company, financial reports, POA, Declaration, Board Resolution and all?

2. Submitting of Form52 means to close liaison office?

3. If 2. is yes, we have to submit Form44 as registration of Branch office newly?

Kindly let me know above.

Thanks and Best Regards,

Kumar (Legal Consultant) (358 Points)
Replied 12 December 2009

Yes,you are correct in point 1.As per the requirement under FNC-1 you have to annexe all the documents.

Closure procedure must be there regarding your liaison office and then go for obtaining fresh certificate of establishment through eForm 44 for your branch office.Take additional permission for closure from the Jurisdictional RBI,please mention these facts at the time of taking permission from the RBI.RBI is going to approve your application accordingly.