Definitions under FEMA clarify establishment categories and operational limits for foreign entities in India, separating liaison, project and site offices. Definitions set the scope for foreign entities establishing presence in India: key terms include foreign company, Branch, form, and authorised dealer (as ... Summary
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Definitions under FEMA clarify establishment categories and operational limits for foreign entities in India, separating liaison, project and site offices.
Definitions set the scope for foreign entities establishing presence in India: key terms include foreign company, Branch, form, and authorised dealer (as defined in the Act). Operational categories are specified: a Liaison Office is limited to communications and non-commercial activity funded by inward remittances; a Project Office represents project execution and excludes Liaison Offices; a Site Office is a Project Office sub-office at the project site. Undefined terms adopt meanings from the Act, and a Stand alone basis restriction was inserted for SEZ branch offices.
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