Chapter 01 - 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 (From Regulation 1 to Annex D)
Regulation 4 - Approval for Opening a Branch office or a liaison office or a Project Office or any other Place of Business in India
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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Foreign entities establishing offices in India must meet eligibility criteria and follow regulatory approval, reporting and remittance rules. Establishment of foreign offices in India is governed by prescribed eligibility based on profit and net worth or a parent company Letter of Comfort; permissible activities are limited to listed schedules; applications in Form FNC go to an Authorised Dealer Category I bank whose approval may lapse if the office is not opened within six months unless extended. Liaison offices have time limited approvals with specified extension rules; project offices require defined contractual or financing conditions. Remittances of profits and winding up proceeds require audited accounts, auditor certifications and compliance with tax and liability provisions, and Annual Activity Certificates must be filed.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Foreign entities establishing offices in India must meet eligibility criteria and follow regulatory approval, reporting and remittance rules.
Establishment of foreign offices in India is governed by prescribed eligibility based on profit and net worth or a parent company Letter of Comfort; permissible activities are limited to listed schedules; applications in Form FNC go to an Authorised Dealer Category I bank whose approval may lapse if the office is not opened within six months unless extended. Liaison offices have time limited approvals with specified extension rules; project offices require defined contractual or financing conditions. Remittances of profits and winding up proceeds require audited accounts, auditor certifications and compliance with tax and liability provisions, and Annual Activity Certificates must be filed.
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