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Form FNC, Annual Activity Certificate, extension of approval, compounding and closure for the liaison office of your foreign company.
150+ Regular Clients · Chartered Accountants and Company Secretaries · Since 2016
A liaison office in India operates under FEMA and the terms of its Form FNC approval. It must carry out only liaison tasks, earn no income, fund all expenses by inward remittance through banks, file an Annual Activity Certificate from a Chartered Accountant with its AD bank each year, and extend its approval before it expires. AU Corporate, a New Delhi firm of Chartered Accountants and Company Secretaries, prepares and files all of this.
Written and reviewed by Abhishek Jaiin, Chartered Accountant (ICAI Membership No. 544646) · Last reviewed: 9 October 2026
A missed certificate, an expired approval or any income earned can lead to compounding and delay extension and closure — see the Liaison Office Registration guide for the eligibility and approval framework this ongoing compliance sits on top of.
AU Corporate keeps a live record of your approval, remittances and filings, and prepares every certificate before it is due.
The FEMA and RBI work a liaison office needs, in the order it arises.
Eligibility check, Form FNC and documents for the AD bank or RBI, and the UIN.
Account opening support and records of every remittance.
Audited accounts and a Chartered Accountant's certificate to the AD bank.
Extension request to the AD bank.
Fresh Form FNC with the justification.
Review of past filings and compounding applications.
Approvals, certificates and remittance of remaining funds.
Five items to begin. For an existing liaison office, we start with a review of what has been filed.
The AD bank or RBI approval letter with the UIN.
Foreign inward remittance certificates for each remittance.
The liaison office's accounts and expenses for the year.
The AD bank contact and the account for foreign remittances.
Constitutional documents and latest audited accounts of the parent.
What is due, and when. Dates can change by notification, so we confirm those that apply to your liaison office.
| When | What | How AU Helps |
|---|---|---|
| Before setting up | Form FNC and approval | Prepared and filed |
| Each remittance | Inward remittance records | Prepared |
| By 30 September | Annual Activity Certificate with audited accounts | Prepared and filed |
| Before approval expires | Extension request | Prepared and filed |
| At closure | Closure and remittance of remaining funds | Prepared and filed |
Reasonable fees, confirmed in writing before we start.
Not included: compounding fees payable to the RBI, bank charges, and tax and ROC filings, which are separate services from the same team — see Liaison Office Tax Compliance and ROC Compliance for a Liaison Office.
Your liaison office accounts, tax returns, RBI filings and ROC forms must agree with each other. The same team handles each of them.
Straight answers to the questions foreign finance teams ask most about a liaison office in India.
Written and reviewed by Abhishek Jaiin, Chartered Accountant (ICAI Membership No. 544646) · Last reviewed: 9 October 2026
This is general guidance based on Indian law and practice as at the date above. It is not advice for your specific case, and rules can change.
Tell us about your liaison office's approval date and remittance history, and our team will confirm the Annual Activity Certificate and extension calendar for your situation.