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Branch office of Foreign Company & compliances

Postby DSR » Thu Jun 18, 2009 2:51 pm

Hello all,

after opening of branch office in india by foreign company (after getting approval of RBI), branch office is reqd. to submit information of such setting/establishment to Delhi RoC in Form 44 (filing fee Rs 5000/-)

could u please inform:

1. what is time limit of informing such set up of branch office?
what is the penalty for late filing or no filing?

2. what is the form in which which annual accounts are reqd. to be submitted to Delhi RoC
what is the penalty for late filing or no filing?

3.what is the form to intimate RoC for closing of branch office? is it require to intimate before informing RBI?

Regards
It is not required to know what LAW is but WHERE is.

Abnormals create History and Normals read it.
DSR
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Re: Branch office of Foreign Company & compliances

Postby Kumar Rakesh » Sat Jun 20, 2009 9:56 am

Answer 1.Form 44 must be filed within the 30 days from the date of approval given by the RBI in the Delhi ROC and if your office situated in some other state as well then the concerned ROC of that state must also given the copy.Late fee you can be calculated according to the date given on the RBI's approval while login to the MCA in the fee calculation section.

Answer 2.Form 52.Non filing can attract the monetary penalty on the company.

Answer 3.No specific form prescribed for for filing closure documents.Yes,closure clearance must be there from the ROC.

Regards
Kumar Rakesh
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