PROCEDURES FOR CLOSURE OF LIAISON, BRANCH AND PROJECT OFFICE IN INDIA

PROCEDURES FOR CLOSURE OF LIAISON, BRANCH AND PROJECT OFFICE IN INDIA:

Followings approvals are required to obtain

  1. Ministry of Corporate Affairs
  2. Reserve Bank of India

 

  • Approval from Ministry of Corporate affairs – File Form FC-2, Attachments

 

  1. Certified true copy of the Board resolution, if any
  2. Copy of the general meeting resolution
  3. Copy of approval letter (it is mandatory if any approval is required for such alteration).
  4. Translated version of the documents in English (in case documents attached are not in English).
  5. Particulars of alterations in the place of business in India of the company
  6. Particulars of alteration in details of the directors or secretaries
  7. Particulars of alterations in details of the company authorized representative

 

Note: All filling related compliances must be fulfill.

 

 

  • Approval from Reserve Bank of India-

 

  1. Copy of the Reserve Bank's permission/ approval from the sectorial regulator(s) for establishing the Branch/ Liaison/ Project office.
  2. Auditor’s certificate- i) indicating the manner in which the remittable amount has been arrived at and supported by a statement of assets and liabilities of the applicant, and indicating the manner of disposal of assets; ii) confirming that all liabilities in India including arrears of gratuity and other benefits to employees, etc., of the Office have been either fully met or adequately provided for; and iii) confirming that no income accruing from sources outside India (including proceeds of exports) has remained un-repatriated to India
  3. Confirmation from the applicant/parent company that no legal proceedings in any Court in India are pending and there is no legal impediment to the remittance
  4. A report from the Registrar of Companies regarding compliance with the provisions of the Companies Act, 2013, in case of winding up of the Office in India.
  5. Any other document/s, specified by the Reserve Bank while granting approval.
  6. Financial statement as on date along with the status of assets in India.

 

PROCEDURES FOR CLOSURE OF LIAISON, BRANCH AND PROJECT OFFICE IN INDIA: Followings approvals are required to obtain

  1. Ministry of Corporate Affairs
  2. Reserve Bank of India

 

  • Approval from Ministry of Corporate affairs – File Form FC-2, Attachments

 

  1. Certified true copy of the Board resolution, if any
  2. Copy of the general meeting resolution
  3. Copy of approval letter (it is mandatory if any approval is required for such alteration).
  4. Translated version of the documents in English (in case documents attached are not in English).
  5. Particulars of alterations in the place of business in India of the company
  6. Particulars of alteration in details of the directors or secretaries
  7. Particulars of alterations in details of the company authorized representative

 

Note: All filling related compliances must be fulfill.

 

 

  • Approval from Reserve Bank of India-

 

  1. Copy of the Reserve Bank's permission/ approval from the sectorial regulator(s) for establishing the Branch/ Liaison/ Project office.
  2. Auditor’s certificate- i) indicating the manner in which the remittable amount has been arrived at and supported by a statement of assets and liabilities of the applicant, and indicating the manner of disposal of assets; ii) confirming that all liabilities in India including arrears of gratuity and other benefits to employees, etc., of the Office have been either fully met or adequately provided for; and iii) confirming that no income accruing from sources outside India (including proceeds of exports) has remained un-repatriated to India
  3. Confirmation from the applicant/parent company that no legal proceedings in any Court in India are pending and there is no legal impediment to the remittance
  4. A report from the Registrar of Companies regarding compliance with the provisions of the Companies Act, 2013, in case of winding up of the Office in India.
  5. Any other document/s, specified by the Reserve Bank while granting approval.
  6. Financial statement as on date along with the status of assets in India.