ROC annual filings, board and AGM governance, transfer pricing documentation, FEMA annual return on foreign liabilities and assets, RBI reporting and statutory audit coordination for foreign owned Indian subsidiaries.
Short, direct, on the record.
A foreign owned Indian subsidiary must file annual return (MGT 7), financial statements (AOC 4), income tax return, transfer pricing report (Form 3CEB), GST annual return, FLA return with RBI, and various event based filings. Failure to file attracts penalties of INR 100 per day per form under the Companies Act.
Yes. Every Indian company that has received FDI or has made overseas investment must file the annual FLA return with the RBI by 15 July. Non filing can result in compounding proceedings under FEMA and may affect future foreign investment approvals.
Indian subsidiaries of foreign companies must maintain contemporaneous transfer pricing documentation including a local file (if international transactions exceed INR 1 crore) and a master file and country by country report if the parent group revenue exceeds INR 5,500 crore (approximately EUR 750 million).
Yes. Foreign directors can attend board meetings via video conferencing under Section 173(2) of the Companies Act. However, certain matters including financial statement approval and board report cannot be transacted through video conferencing. At least one meeting per year should ideally be held in person.
Share the subsidiary structure, parent jurisdiction and the compliance areas requiring attention for a preliminary assessment.