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Company Registration In Chennai

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Branch Office

Looking to start branch office and private limited company with Indian shareholders? Prefer Savings India− one of the best and professional services providers offer company registration in Chennai. Once you have decided to start a private limited company then initially you have to find out the directors of the company. Minimum of 2 directors require to present and maximum of eight members are allowed. Directors should have Directors Identification Number which is expressed as DIN. If you are not having DIN then you can obtain through the use of internet. For that you have to provide some documents. We at Savings India enable the person to get DIN without facing any trouble. By having the following documents can assist to get Directors Identification Number.

As government law, you should follow the procedure for starting branch office. With the assistance of our services you can align on the procedure. Let's get the details about Liaison Office, generally a liaison office acts as representative office set up mainly to discover and understand the business. We enable our customer to start a liaison office in India. Liaison office in India needs to acquire prior approval from RBI and the Apex Bank of India that may take up to 2 to 4 weeks for processing the application.

Restrictions on Liaison Offices

  • The Liaison Office cannot undertake any company activity in India nor will it generate any earnings in India without the approval of RBI.
  • All expenses from the office should be met through inward remittances to work from abroad through normal banking channels. However, during the time of closure from the Liaison Office, RBI grants or loans permission to repatriate the total amount within the Indian banking account towards the parent company.
  • It's not susceptible to taxation in India. However, liaison office could be needed to withhold taxes from certain obligations.
  • It can't borrow, lend money, or accepts deposits.
  • It can't acquire, hold, (otherwise than by means of lease for any period not exceeding 5 years) transfer or get rid of any immovable property in India, without prior approval of RBI.
  • However, work must file regular returns towards the RBI. Such returns must include Audited Annual Accounts as well as an Annual Activity Certificate with a Chartered Accountant.