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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Annual activity certification requires overseas offices to verify permitted operations, approval compliance, address updates, and restricted project fund transfers. Statutory auditors must certify that branch offices, liaison offices and project offices undertook only approved activities and complied with approval ... Summary
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
Annual activity certification requires overseas offices to verify permitted operations, approval compliance, address updates, and restricted project fund transfers.
Statutory auditors must certify that branch offices, liaison offices and project offices undertook only approved activities and complied with approval conditions. The certificate records applicable PAN and UIN details and confirms notification of address or contact-detail changes to the Authorised Dealer Category-I bank. For project offices, it must state project status and certify that no inter-project fund transfer occurred without prior Reserve Bank approval.
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