Establishment of foreign offices requires RBI permission, AD bank routing and ongoing reporting and audit compliance. Establishment of foreign Liaison, Branch and Project Offices in India requires prior permission under FEMA routed through AD Category I banks to the Reserve Bank or, where applicable, the Government Route. Eligibility turns on sectoral FDI permissibility, prescribed track record and minimum net worth or parental Letter of Comfort. Approved offices receive a Unique Identification Number, must obtain tax registration, and comply with reporting, annual audit certification, and RBI/AD scrutiny; closure and remittance require auditor certificates, tax clearance and RBI specified documentation.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Establishment of foreign offices requires RBI permission, AD bank routing and ongoing reporting and audit compliance.
Establishment of foreign Liaison, Branch and Project Offices in India requires prior permission under FEMA routed through AD Category I banks to the Reserve Bank or, where applicable, the Government Route. Eligibility turns on sectoral FDI permissibility, prescribed track record and minimum net worth or parental Letter of Comfort. Approved offices receive a Unique Identification Number, must obtain tax registration, and comply with reporting, annual audit certification, and RBI/AD scrutiny; closure and remittance require auditor certificates, tax clearance and RBI specified documentation.
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