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
Regulation 5 - Approval of the Reserve Bank in Certain Cases for Establishment of Branch office, liaison office or 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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Prior approval by Reserve Bank required for certain foreign applicants establishing offices in India, subject to specified exceptions. Reserve Bank approval is required for non-resident applicants seeking to open branch, liaison, project or other places of business in India in specified ... 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
Prior approval by Reserve Bank required for certain foreign applicants establishing offices in India, subject to specified exceptions.
Reserve Bank approval is required for non-resident applicants seeking to open branch, liaison, project or other places of business in India in specified cases (citizens/registrants of certain countries, offices in designated regions, applicants in Defence/Telecom/Private Security/Information and Broadcasting sectors, and certain foreign NGOs/foreign government bodies), with an exception where Government approval or a competent Ministry/regulator's licence has already been granted and specific treatment for defence project offices awarded Ministry of Defence contracts; applications are to be forwarded by Authorised Dealer Category I banks to the Reserve Bank for consideration in consultation with the Government of India.
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