For establishing a Branch Office in India approval of Central Bank of India i.e. Reserve Bank of India shall be required. The application in prescribed form for seeking permission to establish Branch office in India shall be forwarded to Reserve Bank India through an AD Category - I Bank.
Foreign Exchange Management Act, 1999 read with Foreign Exchange Management (Establishment in India of branch or office or other place of business) Regulations, 2000.
There is no particular time limit as to the duration of the Branch Office. The Branch Office shall continue to operate in India till the same is wound up under the provisions of law.
A Branch Office is not allowed to carry out manufacturing, processing activities directly/indirectly.
For closure of Branch office request for closure is required to be made to RBI through AD Category -1 Bank.
Identification of an AD category-I bank, with whom the Applicant Foreign Company intend to pursue banking relation in India.
Filing of statutory form(Form FNC) along with other documents to Reserve Bank of India through Ad Category-I Bank.
AD Category-I Bank will verify and check the application along with the documents submitted by the applicant company. Upon satisfactory evaluation of the application,AD Category-I Bank will forward the application to Reserve Bank of India with its comments/recommendation.
Grant of approval by Reserve Bank of India subject to the fact that the documents submitted by the applicant are to the satisfaction of Reserve Bank of India.
Filing of documents with the Registrar of Companies for obtaining Certificate of Commencement of business in India.