Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Select Your Location
Foreign Companies have established their presence in India since 1990. Due to restrictive trade practices followed in the past, India had limited foreign regulation policy. After liberalization in 1991, foreign investment in India was promoted. This led to many companies establishing a branch office and liaison office in India. However, these establishments have to follow specific guidelines under the respective foreign exchange laws in India. The Reserve Bank of India has brought out master directions as well as circulars related to setting up branch office and liaison office in India.
The Reserve Bank of India (RBI) has brought out the Foreign Exchange Management Act[1], 1999 in India to deal with foreign exchange transactions. Foreign companies have to comply with the rules related to setting up companies in India. Under section 6(6) of the Foreign Exchange Management Act, 1999 (FEMA) the establishment of the Branch office and liaison office in India is analyzed. This section has to be read with Notification No. FEMA 22/2000-RB dated May 3, 2000.
In this article, we are going to cover the aspects regarding the branch office and liaison office in India. Foreign companies that want to run their businesses in India have to comply with the respective foreign exchange regulations to form such offices.
The following are the differences between setting up a branch office and liaison office in India:
Read our article:FEMA Compliance on Export of Goods and Services
An Automotive Dealerships Audit Checklist helps in an examination and review of aspects related...
The Companies Commission of Malaysia sets mandatory guidelines for maintaining the annual compl...
An industry audit is an important aspect of the oil and gas industry, it serves as a tool for e...
With the ever-increasing complexity of operations and potential risks involved with the chemica...
A joint venture is a strategic business arrangement in which two or more companies collaborate...
The Enforcement Directorate (ED) was established in the year 1956, with its headquarters in New Delhi. It works und...
09 Jun, 2022
Foreign Direct Investment (FDI) has been an essential source of funds for countries where capital is not readily av...
27 May, 2020