Branch office Registration in Ranchi

Setup Branch Office in Ranchi Jharkhand. We provide Virtual Branch Office Services in Ranchi Jharkhand.

NRI, Foreigners, who want to start or establish business in India, can do so by either establishing their own project office, liaison office or branch office or can do joint venture with any Indian company to do business in India. Project office is established for carrying out some specific task or work. Liaison office is established to provide a local presence in India. It is established to liaison with customers and not to carry out any financial activity. The company cannot have any revenue for the Indian Liaison office; It has to meet all its expenses of Indian office through remittances from the Head office. The Liaison office is not allowed to earn any income in the India. NRI or foreign company that wants to do business in India and is willing to carryout production, sales, marketing or distribution of its products or services, will have to establish Branch Office.

Contact us at 8540099000, 8540085000, 8540078000 for Branch registration in Ranchi-How to set up business in Ranchi

 

Procedure for applying for starting project office/liaison office/branch office:

i. The application for establishing BO / LO/ PO in India may be submitted by the non-resident entity in Form FNC (Annex B) to a designated AD Category – I bank (i.e. an AD Category – I bank identified by the applicant with whom they intend to pursue banking relations) along with the prescribed documents mentioned in the Form and the LOC, wherever applicable. The AD Category-I bank shall after exercising due diligence in respect of the applicant’s background, and satisfying itself as regards adherence to the eligibility criteria for establishing BO/LO/PO, antecedents of the promoter, nature and location of activity of the applicant, sources of funds, etc., and compliance with the extant KYC norms grant approval to the foreign entity for establishing BO/LO/PO in India. The AD Category-I banks may frame appropriate policy for dealing with these applications in conformity with the FEMA Regulations and Directions.

ii. However, before issuing the approval letter to the applicant, the AD Category-I bank shall forward a copy of the Form FNC along with the details of the approval proposed to be granted by it to the General Manager, Reserve Bank of India, CO Cell, New Delhi, for allotment of Unique Identification Number (UIN) to each BO/LO.

iii. The validity period of an LO is generally for three years, except in the case of Non-Banking Finance Companies (NBFCs) and those entities engaged in construction and development sectors, for whom the validity period is two years only. The validity period of the project office is for the tenure of the project.

iv. There is a general permission to non-resident companies to establish POs in India, provided they have secured a contract from an Indian company to execute a project in India. Also, the project must have secured the necessary regulatory clearances; andis funded directly by inward remittance from abroad; or the project is funded by a bilateral or multilateral International Financing Agency, or a company or entity in India awarding the contract has been granted Term Loan by a Public Financial Institution or a bank in India for the Project.

v. An applicant that has received a permission for setting up of a BO/LO/PO shall inform the designated AD Category I bank as to the date on which the BO/LO/PO has been set up. The AD Category I bank in turn shall inform Reserve Bank accordingly. In case an approval granted by the AD bank has either been surrendered by the applicant or has expired without any BO/LO/PO being set up, the AD Category I bank shall inform RBI accordingly.

vi. The approval granted by the AD Category I bank should include a proviso to the effect that in case the BO/LO/PO for which approval has been granted is not opened within six months from the date of the approval letter, the approval shall lapse.

vii. All applications for establishing a BO/LO in India by foreign banks and insurance companies will be directly received and examined by the Department of Banking Regulation (DBR), Reserve Bank of India, Central Office and the Insurance Regulatory and Development Authority (IRDA), respectively. No UIN for such representative offices is required from the Foreign Exchange Department, Reserve Bank of India.

viii. There is a general permission to non-resident companies for establishing BO in the Special Economic Zones (SEZs) to undertake manufacturing and service activities subject to the conditions that:

  1. such BOs are functioning in those sectors where 100% FDI is permitted;
  2. such BOs comply with Chapter XXII of the Companies Act, 2013; and
  3. such BOs function on a stand-alone basis.

In the event of winding-up of business and for remittance of winding-up proceeds, the branch shall approach an AD Category – I bank with the documents as mentioned in para 10 under “Closure of Liaison / Branch Office

Joint Venture

Joint venture is a partnership with Indian company to carry out business in India. In joint venture, two or more persons or companies come together and form a joint entity to carry out business. There are no separate laws for setting up joint ventures in India. All laws applicable to resident companies or business are also applicable to Joint Venture formed in India.

Methods of joint ventures in India

  1. Equity joint venture
  2. Contractual joint venture

 

Company registration or Starting a business was never so easy. Starting, Running, Managing, and Growing business requires you to get many services, registrations and licenses and for that you will have to move round and round the offices of all professionals including company secretaries, chartered accountants, cost accountants, advocates and IT Professionals. This all makes doing business in India a burdensome process. But now you need not to worry. At Registrationtips.in we have tried to bring all professionals under one roof. May it be website developer or a company secretary, you will get all services under one roof at best price. Registationtips.in  has a team of duly qualified  company secretaries, business grads, advocates, chartered accountants, cost accountants, website developers, software developers, graphic designers, logo designers and IT Professionals.

Why to choose US?

  1. You would get most of services under one roof
  2. We have transparent pricing policy
  3. We would get a dedicated service expert
  4. You would get timely and regular work update notification
  5. We have a team of duly qualified professionals working for you round the clock

Choosing right sets of professionals can become a matter of success or failure for your business. When you select right professionals, you would get good experience and peace of mind by if you select wrong professionals, you could have to ask for everything. That disturbs you and could hinder in your business.

Keeping all these things in mind, we strive to provide all services at one place and at most affordable price. Now, you can talk to qualified professionals for free and have to pay fees only when you take any services from them.

Some of the services that we provide are as follows:

1) Business Registration Services

Sole Proprietorship Registration

Partnership Registration

Producer Company registration

Section 8 Company registration

Multi-State cooperative society registration

SSI/MSME Registration

EPF and ESIC registration

Limited on Liability Partnership Registration

Company Registration

NIDHI company registration

Non Banking Financial company registration

2) NGO registration services

NGO registration

Trust Registration

Society Registration

NPO Company Registration

3) Tax Registration Services

Goods & Service Tax Registration

Professional Tax Registration

Import Export Code Registration

4) Intellectual Property rights services

Logo Registration

Trademark Registration

Trademark Modification

Trademark Objection/Opposition

Copyright Registration

Copyright Objection Filing

Patent Registration

Design Registration

Trademark Assignment

Trademark Renewal

Trademark Objection

Geographical Indication (GI) Registration

5) Business Licensing Services

Trade License

FSSAI License (Food License)

Security Agency License

Call Centre License

Drug License

Electrical License

Labour License

Pollution License

NABL License

NABH License

Contractor License

BOCW License

DOT ISP License

DOT OSP License (Call Centre License)

KARAM License

NSIC License

SSI MSME License

DAVP License

6) Product and Service Certification

ISO certification

Halal Certification

ISI certification

FSSAI certification

HACCP Certification

Kosher Certification

BIFMA Certification

CE certification

GMP Certification

CMMI Certification

Hallmark Certification

GOST R Certification

Greenguard Certification

ROHS Certification

SA 8000 Certification

7) Accounting & Auditing Services

Secretarial Audit

Cost Audit

Labour Audit

Tax Audit

GST Audit

Internal Audit

Concurrent Audit

Accounting & Book Keeping services

8) Compliance Related Services

Company Annual Compliance

Tax filing services

TDS-TCS filing services

NGO annual compliance

Labour Laws Compliance

Project Report Preparation

9) Internet and Software Solutions

Website designing

Website hosting

Google apps development

Online Marketing

Domain Registration

Software development

SEO services

We not only help entrepreneurs in starting up their ventures but also provide complete set of accounting, auditing, legal and tax related advisory services. This helps us in providing whole gamut of services under one roof.

So, what are you waiting, we have solutions for your almost all problems.

Contact us at +91-8540078000, +91-8540085000, +91-8540099000

Email us at: info@meerad.in, customersupport@meerad.in