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of <h1>Foreign residents need Reserve Bank approval to establish branches or business offices in India under FEMA regulations with limited exceptions.</h1> Foreign residents cannot establish branches, liaison offices, or other business places in India without Reserve Bank approval under FEMA regulations. Exceptions include banking companies with Banking Regulation Act approval, companies establishing branches in Special Economic Zones for manufacturing/services in sectors allowing 100% FDI (subject to compliance conditions), and insurance companies with regulatory authority approval for liaison offices. SEZ units must operate standalone, comply with Companies Act provisions, and follow specific winding-up procedures through authorized foreign exchange dealers.
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