Bytes

Bytes - Your weekly dose of
investments, taxes, finance & more.

IT Portal 2.0
www.incometax.gov.in

IT Portal 2.0

Check out the latest videos explaining the various features of the new portal
www.incometax.gov.in
previous arrow
next arrow

Board Meeting Minutes: Opening a Branch Office

author portrait

Akash Jhaveri

Board Meeting
Board Resolution
Compliances
Start & Run Business
Last updated on June 5th, 2020

A company needs to call for a Board Meeting and discuss the details of opening a new Branch Office and future aspects that are taken into consideration while opening a new Branch Office. A company has to pass a resolution in the Board Meeting after discussion with the board members for opening a new Branch Office.

Sample Board Meeting Minutes : Opening Branch Office

Meeting Minutes: Opening a Branch Office
Meeting Minutes: Opening a Branch Office
Meeting Minutes- Opening a Branch Office
From here you can download Meeting Minutes for Opening a Branch Office
Download
Meeting Minutes- Opening a Branch Office
From here you can download Meeting Minutes for Opening a Branch Office
Download

FAQs

How can I open a branch office of a foreign company in India?

A foreign company can freely operate in India by registering a branch by obtaining approval of the reserve bank of India through AD category 1 Banker and further registration of the foreign company with the ROC. Such a branch office is treated as a foreign entity and is subject to higher Income Tax @ 40%.

What does the branch office mean?

A branch office is a location, other than the main office, where a business is conducted. Most branch offices consist of smaller divisions of different aspects of the company such as human resources, marketing, and accounting.

Is a branch a separate legal entity?

A branch office is an outlet of a company or, more generally, an organization that – unlike a subsidiary – does not constitute a separate legal entity, while being physically separated from the organization’s main office.

    Leave a Reply

    Your email address will not be published. Required fields are marked *