Regulation 8 - Transfer of assets of Liaison Office/Branch Office/Project Office to Joint Venture/Wholly Owned Subsidiary and any other entity in India
Foreign Exchange Management (Establishment In India of Branch Or Office or Other Place of Business) Regulations, 2000
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Transfer of assets on closure: authorised foreign offices may apply for asset transfer to Indian JV, WOS or other entities. Regulation 8 permits a non-resident who was authorised under Regulation 5 to establish a Branch, Project or Liaison Office to, upon closure, apply to the ... Summary
Transfer of assets on closure: authorised foreign offices may apply for asset transfer to Indian JV, WOS or other entities.
Regulation 8 permits a non-resident who was authorised under Regulation 5 to establish a Branch, Project or Liaison Office to, upon closure, apply to the authorised dealer for transfer of the office's assets to a Joint Venture, Wholly Owned Subsidiary or any other entity in India, providing the regulatory mechanism for onshore transfer of assets upon closure.
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