Section 594(1), proviso, of the Companies Act, 1956 - Foreign company - Accounts of - Foreign Companies having only liaison office in India - Compliance of section 594(1) (a)

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....t:- Section 594(1), proviso, of the Companies Act, 1956 - Foreign company - Accounts of - Foreign Companies having only liaison office in India - Compliance of section 594(1) (a) GSR 580(E).- In exercise of the powers conferred by the proviso to sub-section (1) of section 594 of the Companies Act, 1956(1 of 1956) (hereinafter referred to as the Act) and in partial modification of the Notification....

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....It shall be deemed to be sufficient compliance with the provisions of clause (a) of sub-section (1) of said section 594 if, the company in respect of its Indian Business Accounts submits to the appropriate Registrar of Companies in India, in triplicate :-- (i) a copy of the letter issued by the Reserve Bank of India granting approval to the company under section 29 of the Foreign Exchange Regula....