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of <h1>Foreign entities with pre-1999 Liaison/Branch Offices in India must regularize with RBI within 90 days under FEMA.</h1> Foreign entities with Liaison or Branch Offices established in India before the Foreign Exchange Management Act (FEMA) of 1999 must regularize their status with the Reserve Bank of India (RBI) within 90 days from the circular's issuance. This applies to those operating without RBI approval after FEMA's enactment on June 1, 2000. Entities with prior Government of India approval should also contact the RBI for a Unique Identification Number. Applications must be submitted through Authorized Dealer Category-I banks. The circular mandates compliance with FEMA and related instructions, ensuring all offices have valid RBI approval.
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