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Mukul G   28 January 2016

Compliance for setting subsidiary in us and australia

Hello, 

We are Private Limited, Software Services company based in Kolkata, India with all Indian resident shareholders. We have recently formed a LLC in Delware, USA and a PTY LTD in Queenslands, Australia with the Indian Private Limited entity as the shareholder. 

I was wondering whether there are some compliance requirements in India that we need to adhere to in terms of any paperwork that needs to be filed with RBI or any other approval that we may need. 

Please advise and I am grateful for your help. 

Mukul



Learning

 1 Replies

Reena Grover   21 February 2016

Dear Mukul , 

Yes you are requred to file compliances with RBI under ODI Regulations under FEMA.

Non-filing within stipulated time may lead to penalty. For specific requirement one will be required to go through your documents

Best wishes

Reena Grover

Grover Law Chambers

reena@groverlawchambers.com

 


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