Foreign company registration and IDR issuance rules impose registration, disclosure, audit, and RBI/SEBI approval requirements. Foreign companies establishing a place of business in India must register with the Registrar within thirty days using Form FC 1, supply a list of directors and secretary, file alterations in Form FC 2, prepare Indian financial statements in conformity with Schedule III with annexed statements on related party transactions, repatriation and fund transfers, obtain an audit by a practicing Indian Chartered Accountant, file annual accounts and returns (Forms FC 3 and FC 4) within prescribed timelines, and comply with prescribed document certification, translation and authentication procedures.