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  • Fnc Application For Establishment Of Branch/liaison Office In ......

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FNC 1 (See Regulation 5) A. General Instructions to Applicants : The application form only should be completed and submitted to the Chief General Manager, Exchange Control Department (Foreign Investment.

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Liaison and Branch Office are similar in terms of approval required and documents for setting up. However operationally they are varied, while a branch office mirrors the parent company, a liaison office only acts as a representative and has restrictions on operations.

A body corporate incorporated outside India (including a firm or other association of individuals), desirous of opening a branch Office (BO) in India have to obtain permission from the Reserve Bank under provisions of FEMA 1999.

A liaison office can be established after seeking permission from RBI under the provisions of Foreign Exchange Management Regulations (FEMA), 1999. Following are the requirements for opening an LO: Three-year record of profitable operations during the immediately preceding three financial years in the home country.

A liaison officer is an employee who builds and maintains mutually beneficial relationships, facilitates communications and coordinates activities among two or more people, agencies or organizations.

As per Section 9(1)(i) of ITA, a Liaison office would be liable to tax on its income in India in case it constitutes a 'business connection' with its Head Office.

A Liaison office can carry on only liaison activities, i.e. it can act as a channel of communication between Head Office abroad and parties in India. It is not allowed to undertake any business activity in India and cannot earn any income in India.

Branches of foreign companies are taxed on income that is received in India, or which accrues or arises in India, at the rates applicable to foreign companies. There is no WHT on remittance of profits by the branch to its head office.

Save. Copy. FNC means First Nonprofit Companies, an Illinois corporation, and a Subsidiary, together with all of its subsidiaries.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232