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of <h1>Foreign companies with liaison offices in India must comply with Section 594(1)(a) of the Companies Act, 1956.</h1> The notification issued by the Department of Company Affairs under the Ministry of Finance pertains to foreign companies with only liaison offices in India. It outlines compliance requirements under Section 594(1)(a) of the Companies Act, 1956. These companies, not engaged in trading or commercial activities, must submit specific documents to the Registrar of Companies in India. These include a Reserve Bank of India approval letter, certified statements of receipts and payments, assets and liabilities, and a certificate confirming no commercial activities in India. These documents must be certified by an authorized person and a practicing Chartered Accountant in India.
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