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

[Brijesh Mathur]

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

Posts / Replies

[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.