Foreign Exchange Management (Establishment in India of a branch office or a liaison office or a project office or any other place of business) Regulations, 2016
Foreign Exchange Management (Establishment in India of a branch office or a liaison office or a project office or any other place of business) Regulations, 2016
Foreign Exchange Management (Establishment in India of a branch office or a liaison office or a project office or any other place of business) Regulations, 2016 Chapter 01
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Letter of comfort for branch or liaison offices requires parent support and assumption of unpaid operational liabilities in India. A parent company or group company supporting establishment of a branch office or liaison office in India must undertake to provide necessary financial ... Summary
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Foreign Exchange Management (Establishment in India of a branch office or a liaison office or a project office or any other place of business) Regulations, 2016
Letter of comfort for branch or liaison offices requires parent support and assumption of unpaid operational liabilities in India.
A parent company or group company supporting establishment of a branch office or liaison office in India must undertake to provide necessary financial support for its operations. It must meet liabilities arising from the office's functioning if the branch or liaison office cannot do so. The Letter of Comfort identifies the applicant entity, is addressed to the Authorised Dealer Category-I bank, and is supported by the parent or group company's latest audited balance sheet or a Certified Public Accountant-certified account statement.
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