US GAAP reporting requirements and India Statuatory Reporting

We are a US based company and our fiscal year end is December 31.  We currently have a company set up in JDE for India - we do not have any sales or inventory transactions yet - just some expenses (only have a sales office in India).  We will be setting up a warehouse in India next year and have found out that the Indian government requires all Indian companies to do a year end close on March 31.  We have determined that we will need to have two companies in JDE for India - the current one and a