- Additional Corporate Documents Required for Registration and Extension Applications in Hyderabad
- March 21, 2014
- Law Firm: Fragomen Del Rey Bernsen Loewy LLP - New York Office
The Foreigners Regional Registration Office (FRRO) in Hyderabad now requires foreign companies with a registered office in India to provide Foreign Investment Promotion Board (FIPB) approvals for registration and extension applications. There are no new documentary requirements for Indian companies.
FIPB approvals are issued by the Ministry of Finance, Department of Economic Affairs in New Delhi. All foreign companies establishing a local office in India must apply for approval, and must keep the approval document file with the legal or secretarial department of the Indian entity.
If the FIPB approval is not available, a copy of the Reserve Bank of India (RBI) approval for the sponsoring Indian entity may be acceptable, at the discretion of the FRRO.
What this Means for Employers
The new requirement adds an administrative burden to the FRRO process in Hyderabad. Employers must ensure that Fragomen receives the FIPB approval as soon as a foreign worker arrives in India. If seeking to provide an RBI approval as an alternative, please notify Fragomen as much in advance as possible so we can confirm that it will be accepted by the FRRO or if other supporting documents will be required.