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)
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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Regulatory compliance for foreign liaison and project offices: certify permitted activities and prior approval for fund transfers. Certificate requires branch, liaison and project offices to confirm they undertook only activities permitted by their regulatory approvals and complied with specified terms; notify any address or contact changes to the authorised bank intermediary. For project offices it also requires project status and assurance that no inter project fund transfers occurred without prior regulatory approval, and authentication by a statutory auditor/chartered accountant.
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.
Regulatory compliance for foreign liaison and project offices: certify permitted activities and prior approval for fund transfers.
Certificate requires branch, liaison and project offices to confirm they undertook only activities permitted by their regulatory approvals and complied with specified terms; notify any address or contact changes to the authorised bank intermediary. For project offices it also requires project status and assurance that no inter project fund transfers occurred without prior regulatory approval, and authentication by a statutory auditor/chartered accountant.
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