Close down a Subsidiary-Branch-Liason-Office: Get jjassociatez’s Help Now
Close down Subsidiary-Branch-Liason-Office
So you have come to the decision that it’s time for you to close down your business?
Be it financial difficulties or the lack of time and resources, there could be many reasons why you might feel the need to pack up and shut shop.
Close down Subsidiary-Branch-Liason-Office: Steps and Documents
For closing down a subsidiary/branch/liaison office, the governing authority in India is the RBI.
It mandates that you approach an Authorised Dealer (AD) Category I Bank, which is the designated authority, with the following documents:
A copy of the RBI’s permission for establishing the office.
An auditor’s certificate.
A No-Objection/Tax Clearance certificate.
Confirmation from parent legal company that there are no pending legal proceedings in India.
A report from the Registrar of Companies demonstrating compliance with provisions of the Companies Act, 1956.
The closing down process is completed when the closure of the office is reported by the designated AD Category I Bank to the RBI together with a declaration that all the necessary documents have been submitted
Closing Down a Subsidiary-Branch-Liason-Office: The Process
All you need to do to get the following documents and do the below-mentioned things
Step 1: Details of your office such as name, location, date of opening of the office, reason for opening the office and reason for closing the office.
Step 2: The above mentioned documents have to be submitted to the AD Category I Bank.
Step 3: Ensure that the designated AD Category I Bank reports the closing down to the RBI and provides a declaration that all the requisite documents have been submitted in the proper order.
Get jjassociatez’s Help Now!
Do take jjassociatez’s help to help you you down your subsidiary/branch/liaison office with minimum fuss.
Just fill in the form on the right and our team will get back to you via email and/or phone.
Your data is 100% confidential with us.
Also, you don’t have have any obligations to pay upfront. Pay only when the work gets done to your satisfaction.