FOREIGN EXCHANGE MANAGEMENT (ESTABLISHMENT IN INDIA OF BRANCH OR OFFICE OR OTHER PLACE OF BUSINESS) REGULATIONS, 2000 (From Regulation 1 to SCHEDULE II)
Permitted activities for liaison offices clarified: limited to representation, export-import promotion, collaboration facilitation and communications. Schedule II under Regulation 6(i) limits a liaison office in India to non-commercial facilitative functions: representing the parent or group companies; promoting export and import between India and the parent/group; promoting technical and financial collaborations with Indian companies; and serving as a communication channel between the parent company and Indian companies.
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Provisions expressly mentioned in the judgment/order text.
Permitted activities for liaison offices clarified: limited to representation, export-import promotion, collaboration facilitation and communications.
Schedule II under Regulation 6(i) limits a liaison office in India to non-commercial facilitative functions: representing the parent or group companies; promoting export and import between India and the parent/group; promoting technical and financial collaborations with Indian companies; and serving as a communication channel between the parent company and Indian companies.
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