Q. What are eligibility criteria for establishment of Liaison office in India?
Userstudied at Tech News and Journalism
Ans. 1. Net worth < USD 50,000
Note: 1. Net worth means:-total of paid-up capital and free reserves, less intangible assets as per the latest Audited Balance Sheet or
2. Account Statement certified by a Certified Public Accountant or any Registered Accounts Practitioner by whatever name
2. Profit making track record during the immediately preceding Three financial years in the home country