FOREIGN DIRECT INVESTMENT (FDI). Government of India facilitates Foreign Direct Investment (FDI) and investment from Non-Resident Indians (NRIs) including Overseas Corporate Bodies (OCBs), predominantly owned by them, to complement and supplement domestic investment. Foreign technology induction is encouraged both through FDI and through foreign technology collaboration agreements. Foreign Direct Investment and Foreign technology collaboration agreements can be approved either through the automatic route under powers delegated to the Reserve Bank of India (RBI) or otherwise by the Government.
FOREIGN INVESTMENT PROMOTION BOARD (FIPB)
The FDI/ Foreign technology collaboration agreement proposals, which do not conform, to the guidelines for automatic approval of Government of India, require Government approval through the Foreign Investment Promotion Board (FIPB). The Government has set up a special 'Foreign Investment Promotion Board' (FIPB) as a fast track mechanism to invite and facilitate foreign investments in large projects in India, which are considered beneficial to the Indian economy.
The branches are basically an extended arm of the foreign company and can undertake export/import of goods, consultancy, research, coordination with local buyers and sellers, provide technical support for products sold in India, development of software and airline/shipping business.
We perform this function right from the documentation stage to incorporation approval. We shall be providing you with the docket containing
1) Application made to RBI & ROC
2) Approval documents received from the RBI & ROC
3) Receipt of the fees and taxes paid in this regard
4) CD containing the documents & representation made to the RBI& ROC
5) List of compliances to be made on regular intervals.
6) Filing of application for Income Tax Account Number.
SECRETARIAT OF INDUSTRIAL ASSISTANCE (SIA)
Proposal including in services sector, which do not conform to the guidelines for automatic approval or seeking higher foreign equity investment are approved by the Secretariat for Industrial Assistance (SIA) in the Ministry of Industry.