FNC 4
[Paragraph 11 A.2(ii)]
Application for permission under Section 29 (1) (a) of the Foreign Exchange Regulation Act, 1973 to establish a branch office in India by an overseas company.
Instructions:
1. | The application should be completed in Quadruplicate and submitted to the Chief General Manager, Exchange Control Department (Foreign Investments Division), Reserve Bank of India, Central Office, Mumbai - 400001. |
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2. | It may be noted that for the purpose of Section 29 of Foreign Exchange Regulation Act, 1973, the term Company means any body corporate and includes a firm or other association of individuals. |
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Documentation: |
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3. | English version of the certificate of incorporation / registration attested by Indian Embassy / Notary Public in the country of registration. |
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4. | Latest Balance Sheet of the applicant company/firm. |
1. | a) | Full name and address of the | |
| | applicant company / firm | | | | | | | | | | | | | | | | | | | | |
| | [State whether the applicant | |
| | is a proprietory concern or | | | | | | | | | | | | | | | | | | | | |
| | partnership firm or limited | |
| | company or public sector | | | | | | | | | | | | | | | | | | | | |
| | undertaking or any organisa | |
| | tion (please specify)]. | |
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| b) | Place of incorporation / | | | | | | | | | | | | | | | | | | | | |
| | registration. | |
2. | Details of capital | |
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A | Authorised capital | |
| | (a) | Equity | (a) | Rs._______ Shares of | divided in to Rs.________ | ___________ each |
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| | (b) | Preference | (b) | Rs._______ Shares of | divided in to Rs.________ | _________ each |
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B | Authorised capital | |
| | (a) | Equity | (a) | Rs._______ Shares of | divided in to Rs.________ | __________ each |
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| | (b) | Preference | (b) | Rs._______ Shares of | divided in to Rs._________ | ___________ each |
| (Paid up capital if meagre, information may be furnished whether there will be financial backing from parent company/others) | |
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C | Whether any shares are held in the organisation by Indian nationals, persons of Indian origin or companies registered in India. If so, please give the following information. | |
| i) | | | | | | | | | | |
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| ii) | | Nationality | |
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| iii) | | Number and value of shares | |
| | | held. | |
| | | (a) | | | | | | | | | |
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| | | (b) | | | | | | | | | |
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| iv) | | Percentage of (C) (iii) | |
| | | to (B) above. | |
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3. | A. | Brief description of the activities of the applicant and trade links worldwide and with India | |
| B. | Operating profits/losses of the applicant company during last three years | |
4. | Value of goods imported from and /or exported to India by the applicant during each of the last three years: | |
| i) Imports from India | | | | | | | | | | |
| ii) Exports to India | Rs. | | | | | | | | | |
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5. | | Particulars of existing arrangements if any, for representing the company in India. | |
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| | i) | Name/s and address/es | | | | | | | | | | | | | | | | | | | | |
| | | of the Indian agent(s) | |
| | | /representative(s) | | | | | | | | | | | | | | | | | | | | |
| | | if any. | |
| | | | | | | | | | | | | | | | | | | | | | | |
| | | | |
| | ii) | Nature of the activities | |
| | | undertaken or the service | |
| | | rendered by the Indian | |
| | | agent(s) / | |
| | | representative(s) | |
| | | | |
| | iii) | payable to agent(s) / | |
| | | representative(s) | |
| | | | |
| | iv) | Whether the existing | |
| | | arrangement will | |
| | | continue even after this | |
| | | application for opening | |
| | | a branch office in India | |
| | | is approved. | |
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6. | | Particulars of the proposed | |
| | arrangements : | |
| | | | |
| | i) | Details of the activities | |
| | | / services proposed to be | |
| | | undertaken / rendered by | |
| | | the office. Please give | |
| | | full details including | |
| | | the scope of authority of | |
| | | the proposed office. | |
| | | | |
| | ii) | Place where the office | |
| | | will be located. | |
| | | | |
| | iii) | Details of the staff / | |
| | | employees to be posted. | |
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| | iv) | Name and nationality of | | | |
| | | the person who will be | | | |
| | | in-charge of the office. | | | |
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| | v) | Territorial jurisdiction | | | |
| | | of the office | | | |
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| | vi) | Estimated annual expenses | | | |
| | | of the office (if more | | | |
| | | than one office is to | | | |
| | | be opened in India, please | | | |
| | | give the above details in | | | |
| | | respect of each office). | | | |
| | | | | | |
| | vii) | If the office will | | | |
| | | represent any other | | | |
| | | party(ies)/company(ies)/ | | | |
| | | in India or outside India | | | |
| | | please state: | | | |
| | | (a) | Name and address of | | | |
| | | | each such party / | | | |
| | | | company. | | | |
| | | (b) | Brief description of | | | |
| | | | the activities / | | | |
| | | | services to be | | | |
| | | | undertaken/rendered. | | | |
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7. | | How the expenses of office(s) | | | |
| | would be financed,i.e.whether | | | |
| | out of the funds remitted to | | | |
| | India from abroad or otherwise | | | |
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8. | | Any other information which | | | |
| | the applicant company wishes | | | |
| | to furnish in support of this | | | |
| | application. | | | |
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We hereby declare that :
| i) | the particulars given above are true and correct to the best of our knowledge and belief; |
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| ii) | Our activities in India would be confined to the fields indicated in column 6 above; |
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| iii) | We will not shift the office to another place without prior permission of the Reserve Bank of India; and |
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| iv) | We will abide by the terms and conditions that may be stipulated by Reserve Bank of India if approval is given. |
| | | (Signature of Authorised Official) |
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Place : | | | |
| Stamp | | Name | |
Date : | | | |
| | | Designation | |