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Procedure - opening a branch in turkey, Corporate Laws / SEBI / LLP

Issue Id: - 1354
Dated: 18-7-2009
By:- Brijesh Mathur

Procedure - opening a branch in turkey


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I have to open a branch office in turkey of a company incorporated in India. Do i require any approval from the Ministry. If yes, how and when Kindly suggest! Thanks

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1 Dated: 19-7-2009
By:- Rama Krishana

Since to open and operate branch or an office in a country outside India, you have to deal with the money and currencies. In this respect there are various specific regulations under FEMA like "FOREIGN EXCHANGE MANAGEMENT (FOREIGN CURRENCY ACCOUNTS BY A PERSON RESIDENT IN INDIA) REGULATIONS, 2000" and "FOREIGN EXCHANGE MANAGEMENT (ACQUISITION AND TRANSFER OF IMMOVABLE PROPERTY OUTSIDE INDIA) REGULATIONS, 2000" etc. etc. Therefore, you need to refer the relevant regulation of FEMA.


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