1. 5/4/2012
FLIER TAXPERT PROFESSIONALS PRIVATE LIMITED
www.taxpertpro.com | BY CA. Sudha G. Bhushan
www0

2. Snap shot relating to establishment of Business in India
Particulars Branch Office Wholly owned subsidiary
Whether prior approval of RBI Yes Will depend on sector, if in
required automatic sector no prior
approval*. If under Approval route
then permission from FIPB
Period for which valid Three years Till the company is wound up
Whether ROC involved No approval from Registrar of Registration process shall go
Companies [ROC]. through the ROC.
Form 44 shall be filed after
permission from RBI is taken
Initial Documents Financials of foreign company Financial of parent company not
required [there should be required.
positive net worth for at least
three years]
Number of days required 30-60 working days after 20-25 working days after receipt of
receipt of documents documents
*annexure II along with KYC and
Form FC GPR shall be required to
be filed with RBI under automatic
route as well
Flier | vinay@taxpertpro.com | contact us at 09769134554