CHECKLIST FOR FOREIGN SUBSIDIARY

[RICHA JAIN]

Hi,

Please can anyone share checklist for annual compliance for subsidiary of foreign company. Its urgent.

Thanks in advance

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Thanks and Regards
 Practicing CS Richa Jain

[Sarvajit S. Yadwad]

Hi,

If Indian Company is a wholly owned subsidiary of foreign Company, following compliances are to be done by Indian Company annually-

1. Initial reporting of foreign investment to RBI through FC GPR within 30 days of allotment of shares.

2. Yearly FLA return on RBI FLAIR portal on or before 15th July.

3. AOC-4 & MGT-7 for annual filling. In MGT-7, give details of the holding Company.

4. SBO filling for identifying the beneficial owner.

5. XBRL subject to thresholds.

6. Half yearly MSME return, if applicable.

7. MGT-8 CS Certificate subject to thresholds.

8. DIN KYC on or before 30th Sept.

9. CS appointment subject to thresholds.

10. Placing the copy of AGM Notice & MGT-9 on the website if the Company is having a functional website.

Thanks & Regds,

CS Sarvajit S. Yadwad

9765144257

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[RICHA JAIN]

Thanks 

For which companies Form FC 1, FC 3 AND FC 4  are applicable.

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[Sarvajit S. Yadwad]

FC-1: When foreign Company proposes to open a Branch Office/Project Office/Liaison Office in India, it has to file incorporation documents in FC-1. 

FC-3:  Branch Office/Project Office/Liaison Office needs to file annual accounts of Head office and Branch Office in FC-3.

FC-4: Annual return of foreign Company.

Thanks & Regds,

CS Sarvajit S. Yadwad

9765144257

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[RICHA JAIN]

Thanks!!!

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