FNC -Application for Establishment of Branch/Liaison Office in India

 The information provided here is part of Online Training Course on howtoexportimport

 

 

Click below to download this form in pdf format:

 

 

 

Also read;
How to export your product?
How to import your product?
Click here to know HS code of your product
What is the ITC code (Indian Tariff Code) of your product?
12 Major risks and solutions in Imports and Exports
Documentation procedures on high sea sale
 

 

FNC
Application for Establishment of Branch/Liaison Office in India
A. General Instructions to Applicants:
The application form shall be completed and submitted to the AD Category - I bank designated by the applicant for onward transmission to the Chief General Manager-in -Charge, Reserve Bank, Foreign Exchange Department, Foreign Investment Division, Central Office, Fort, Mumbai – 400001 along with the documents mentioned in item (viii) of the Declaration. No.Details Particulars
1. Full name and address of the applicant. Date and Place of incorporation / registration Telephone Number(s) Fax Number(s)
E-mail ID
2. Details of capital
i) Paid-up capital
ii) Free Reserves/Retained earnings as per last audited Balance Sheet/Financial Statement
iii) Intangible assets, if any
3.
Brief description of the activities of the applicant.

4.
i) Value of goods imported from and / or exported to India by the applicant during each of the last three years:
a) Imports from India
b) Exports to India
ii)Particulars of existing arrangements if any, for representing the company in India.
iii) Particulars of the proposed Liaison/ Branch Office:
a) Details of the activities/ services proposed to be undertaken/ rendered by the office.
b) Place where the office will be
located.
c) Phone number
d) E-mail ID
e) Expected number of employees (with number of foreigners)
5.
i) Name and address of the banker of the applicant in the home country
ii) Telephone & Fax Number
iii) E-mail ID
6.
Any other information which the applicant company wishes to furnish in support of this application.
7.
For Non-profit / Non-Government Organisations:
(i) Details of activities carried out in the host country and other countries by the applicant organization.
(ii) Expected level of funding for operations in India.
(iii) Copies of the bye-laws, Articles of Association of the organisation.
DECLARATION
We hereby declare that:
i) The particulars given above are true and correct to the best of our knowledge and belief.
ii) Our activities in India would be confined to the activities indicated in column 4(iii) (a) above.
iii) If we shift the office to another place within the city, we shall intimate the designated AD Category - I bank and the Reserve Bank. In the event of
shifting the Office to any other city in India, prior approval of the Reserve Bank will be obtained.
iv) We will abide by the terms and conditions that may be stipulated by the Government of India / Reserve Bank / designated AD Category - I bank from time to time.
v) We, hereby commit that we are agreeable to a report / opinion sought from our bankers abroad by the Government of India /Reserve Bank.
vi) We understand that the approval, if granted, is from FEMA angle only. Any other approvals / clearances, statutory or otherwise, required from any other Government Authority/ Department/ Ministry will be obtained before commencement of operations in India.
vii) We have no objection to the Reserve Bank placing the details of approval in public domain.
viii) We enclose the following documents:
1. Copy of the Certificate of Incorporation / Registration attested by the Notary Public in the country of registration
[If the original Certificate is in a language other than in English, the same may be translated into English and notarized as above and cross verified/attested by the Indian Embassy/ Consulate in the home country].
2. Latest Audited Balance sheet of the applicant company.
[If the applicants’ home country laws/regulations do not insist on auditing of accounts, an Account Statement certified by a Certified Public Accountant (CPA) or any Registered Accounts Practitioner by any name, clearly showing the net worth may be submitted]
3. Bankers' Report from the applicant’s banker in the host country / country of registration showing the number of years the applicant has had banking relations with that bank. (Signature of Authorised Official of the Applicant Company)
Name:
Designation:
Place:
Date:

 

The above information is a part of Export import business Course online


Click below to download this form in pdf format:

 

 



Related posts about Export Import  Online Training ;

Trade Facilitation Agreement ( TFA) and India         
Period of post shipment credit to exporters   
How does a Running bond work?
How does CENVAT Credit work? 
Import General Manifest (IGM)
Importance of Bill of Lading 
Procedure to Import Ships and Floating Structures  
How to Import Musical Instruments, Parts and Accessories
Procedures to Import Clocks, Watches        
How to import Optical, Photographic, Medical Instruments and Accessories          
Types of Export Containers   
Dimension of Cargo Containers

 What happens, once Bill of Entry for Imports files?

 What is ‘Combined Bill of Lading’

How to obtain a duplicate BL, if original bill of lading lost.

How to obtain GSP - Certificate of Origin?

How to obtain Phyto sanitary certificate. What is phytosanitary certification

 How to obtain waiver on detention/ demurrage on imported goods/container from Shipping company/CFS

What is ‘Late BL release charges’

What is ATA carnet and how ATA carnet works?

What is Bank Guarantee to customs in Import

What is Bond execution with customs in imports and exports

Transferability of Bill of Lading

Transhipment - A redefinition

Travelers to India under import duty exemption, Frequently Asked Questions Part 2

Triangular export

 Triangular shipment

Types of Insurance Documents.

What is Brand Rate in Duty Drawback

What is BVQI inspection on export goods?

What is charter party bill of lading ?

 What is CIF terms of delivery in Exports and Imports?

What is Clean on board Bill of Lading

What is co-loading

What is Commercial enforcement hold for import cargo in US

 What is consolidation of cargo What is LCL cargo less container load cargo

What is Crating in Exports and Imports

What is CT3 form. How to get CT3. Why CT3 required

What is customs bonded area in exports and imports

What is DDP terms in an export Import Business?

What is Dry Port

What is DTA in export import trade?

What is ECGC and how does ECGC protect exporters?

 

 


Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers