https://www.taxtmi.com/circulars?id=52424 Foreign companies must file prescribed registration forms, maintain and file Indian operations financial statements in accordance with Schedule III, annexing related party, repatriation and fund transfer statements, have accounts audited by an Indian Chartered Accountant, and comply with certification and translation authentication requirements. Issuance of Indian Depository Receipts requires SEBI approval, merchant banker due diligence, appointment of an overseas custodian, a domestic depository and merchant banker, delivery of underlying shares to the custodian, in principle listing permission, extensive prospectus disclosures and ongoing SEBI and FEMA compliance. en-us Mon, 09 Sep 2013 00:00:00 +0530 Wed, 11 Sep 2013 15:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52424 Foreign companies must file prescribed registration forms, maintain and file Indian operations financial statements in accordance with Schedule III, annexing related party, repatriation and fund transfer statements, have accounts audited by an Indian Chartered Accountant, and comply with certification and translation authentication requirements. Issuance of Indian Depository Receipts requires SEBI approval, merchant banker due diligence, appointment of an overseas custodian, a domestic depository and merchant banker, delivery of underlying shares to the custodian, in principle listing permission, extensive prospectus disclosures and ongoing SEBI and FEMA compliance. Circulars Companies Law Mon, 09 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52424