![]() ![]() The income tax department of India issues a unique 10 digit number, known as PAN number. PAN Card, Tax Deduction Number, And Bank Account Opening DIN is required in case any Indian director and the digital signature are needed of the authorized signatory for e-filing statutory forms with the ROC. Once the approval is received from RBI for the establishment of the Project Office in India, an application is filed for project office registration of the foreign company within 30 days of such approval. Registration Of Project Office Of Foreign Company With The ROC Any further extension of time shall require the prior approval of the Reserve Bank in this regard. In cases where the person resident outside India is not able to open the office within the stipulated time frame due to reasons beyond their control, the Authorised Dealer Category-I bank may consider granting an extension of time for setting up the office by a further period of six months.ĥ. In case no office is opened by the person resident outside India within six months from the date of the approval letter, the approval for establishing the office in India shall be cancelled.Ĥ. The bank may, subject to the provisions of Regulation 5, grant approval as per the directions and/or guidelines issued by the Reserve Bank in this regard.ģ. A person resident outside India desiring to establish a project office in India shall submit an application in Form FNC to an Authorised Dealer Category-I bankĢ. PROCEDURE FOR REGISTRATION OF PROJECT OFFICE IN INDIAġ. Complete KYC of the shareholders holding more than 10% of Equity in the Applicant Company.A complete details of Directors of the Company.A notarized copy of a power of attorney mentioning the name of the person residing in India and making him responsible for accepting any notice or document on behalf of the company.Permission from RBI to set up a project office in India.A letter saying that the company will open a bank account in India.Copy of passport of the authorized personnel.Residence Proof of the authorized personnel.Complete details of activities conducted in the project office in India. ![]()
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