Permitted activities for foreign branches clarified: scope includes trade, consultancy, research, IT services, technical support, and representation. Schedule I sets out permitted activities for a foreign resident's branch in India under Regulation 6(i): export/import trade, provision of professional or ... Summary
Referred In :
Foreign Exchange Management (Establishment In India of Branch Or Office or Other Place of Business) Regulations, 2000
Permitted activities for foreign branches clarified: scope includes trade, consultancy, research, IT services, technical support, and representation.
Schedule I sets out permitted activities for a foreign resident's branch in India under Regulation 6(i): export/import trade, provision of professional or consultancy services, research linked to the parent company's business, promotion of technical or financial collaborations with Indian companies, representation and buying/selling agency functions, IT and software development services, technical support for parent/group products, and foreign airline or shipping company operations.
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