With specific approval of the Reserve Bank of India a foreign company incorporated outside India can establish liaison office or Branch office in India. A Liaison Office is not allowed to undertake any business activity in India nor it can earn any income in India, such office can only act as a channel of communication between Head Office of such foreign company abroad and parties in India.
Foreign company have to make an application to Reserve Bank of India (RBI) seeking approval for opening liaison office or Branch office in India. After getting approval from RBI, every foreign company shall, within thirty days of opening liaison office or Branch office in India shall deliver to the Registrar of Companies for registration of such liaison office or Branch office along with complete necessary documents.
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Following are the procedure for opening Branch office in India:
I. RBI COMPLIANCE'S
Following documents are required with form FNC:
Following Information are required with form FNC (List is inclusive and not exhaustive)
II. REGISTRAR OF COMPANIES COMPLIANCE'S:
The foreign company shall within thirty days of the establishment of its place of business in India, deliver to the Registrar for registration along with the following documents: