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of <h1>Foreign Entities Must Obtain Reserve Bank Approval Before Establishing Business Offices in India with Limited Sector-Specific Exceptions</h1> A foreign entity is prohibited from establishing a branch, liaison, project, or any business office in India without prior Reserve Bank approval. Exceptions exist for banking companies with Banking Regulation Act approval, insurance companies with Insurance Regulatory and Development Authority approval, and companies establishing branch offices in Special Economic Zones under specific conditions, including 100% FDI sectors, compliance with Companies Act, and stand-alone operations.
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