Can a foreign company open a branch office in Bhagalpur and what permissions are required?
LA Asked by Lata Mangesh from India
Quick Answer
A branch office of a foreign company requires RBI approval under FEMA and must be registered with the RoC under Section 380 of the Companies Act, 2013 for your Bhagalpur office.
Detailed Legal Analysis
A branch office of a foreign company requires RBI approval under FEMA and must be registered with the RoC under Section 380 of the Companies Act, 2013 for your Bhagalpur office. The application is made through the Form FNC with the RBI, and the activity must be permitted under the FDI policy.
Disputes can be adjudicated with appeals to the Patna High Court under Section 394. The branch office must comply with Bihar Rent Control Act 2017 governing the Bihar Shops and Establishments Act for premises.
Annual financial statements must be filed with the RoC. The branch office cannot undertake manufacturing or retail activities.
Disclaimer: AI-generated for educational purposes only. Does not constitute legal advice. Consult a qualified practitioner.