Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
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of <h1>Foreign residents need Reserve Bank permission for branch operations beyond Schedule I and II activities</h1> Foreign residents permitted by the Reserve Bank to establish branches or liaison offices in India may only undertake activities specified in Schedule I or Schedule II respectively, unless specifically authorized otherwise. Project offices are permitted and restricted to activities relating to and incidental to project execution only. All operations must comply with designated schedules and require Reserve Bank permission for activities beyond the specified scope under the Foreign Exchange Management regulations.
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