In India, every state has almost its own unique and distinct rules for branch office establishment. Under this legal act, one needs to submit all the legal details about his or her branch office information to the respective jurisdiction of the same state. It is being one of the major practices to protect the city or state from any types of illegitimate corporate acts. Here, respective jurisdiction of different states having all the information of every branch offices in their state of law. Well, branch office means growth of company, brining services closer to the potential market, effective marketing at the global level and many more. Well, there are several rules and guidelines being established by the concerned authority likewise as per the companies act 1956 in India.
Well as per the New Companies Act, 2013 there are varied rules and guidelines for branch office establishment for domestic companies and for international companies. For domestic company, it requires to submit memorandum of association along with e-form no. 20A and Form MGT - 14 to the concern authority where as for international company it requires to first take permission from Reserve Bank of India. After getting permission, foreign company requires to submit formal application about the details to Chief General Manager of Exchange Control Department i.e. Foreign Investment Division under RBI Central Office in Mumbai in the form FNC - 1.
Here at company-registration-india, we bring you with detail services in branch office establishment at the domestic and international level. Our legal experts and lawyers have been well versed with latest acts of branch office establishment in India. They assist you with all the details about what types of legal documentaries need and where to submit for establishment of branch office in India. Thus, contact us at the mentioned email address to avail the best.