Can a foreign company open a branch office in Panaji and what permissions are required?
NA Asked by Naveen Shetty 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 Panaji 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 Panaji 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 Bombay High Court under Section 394. The branch office must comply with Goa Rent Control Act 1993 governing the Goa 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.