Sign Up

Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.

Sign In

Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.

Forgot Password

Lost your password? Please enter your email address. You will receive a link and will create a new password via email.


Please type your username.

Please type your E-Mail.

Please choose an appropriate title for the question so it can be answered easily.
Please choose the appropriate section so the question can be searched easily.

Please choose suitable Keywords Ex: question, poll.

Type the description thoroughly and in details.

Choose from here the video type.

Put Video ID here: https://www.youtube.com/watch?v=sdUUx5FdySs Ex: "sdUUx5FdySs".

    Please type your username.

    Please type your E-Mail.

    Please choose an appropriate title for the post.

    Please choose the appropriate section so your post can be easily searched.

    Please choose suitable Keywords Ex: post, video.

    Browse

    Please briefly explain why you feel this question should be reported.

    Please briefly explain why you feel this answer should be reported.

    What is Liaison Office ? (CS Executive – FEMA)

    What is Liaison Office ?  

    Ans :-

    ‘Liaison Office’ means a place of business to act as a channel of communication between the principal place of business or Head office and the Indian Place of  business.

    This office, however, does not undertake any commerical / trading/ industrial activity, directly or indirectly, and maintains itself out of inward remittances received from abroad through the normal banking channels.

    A profit making track record during the immediately preceding three financial years in the home country and net worth of not less than USD 50,000 or its equivalent.

    A liaison office is given registration for a period of three years. the branch office/liaison office may submit the Annual Activity Certificate as the end of March 31 along with the audited financial statements including  receipt and payment account on or before September 30 of that year.

    In case the annual accounts of the office are finalized with reference to a date other than March 31, the AAC along with the audited financial statements may be submitted within six months from the due date of the balance sheets to the Authorised Dealer category-bank and the Director General of Income Tax (International Taxation).

     

    (According to CS Executive – FEMA)

    •  
    •  
    •  
    •  
    •  
    •  
    •  

    Leave a comment