Establishment of foreign liaison, branch and project offices in India requires RBI-authorised application, eligibility, reporting and compliance. The Master Circular consolidates RBI rules under FEMA 1999 governing foreign entities establishing Liaison, Branch and Project Offices in India: applications via AD Category - I banks in Form FNC, eligibility based on profit track record and minimum net worth, distinct permissible activities by office type, reporting obligations including annual activity certificates and DGP notification, conditions for extensions and closures, general permission criteria for Project Offices and foreign currency accounts, and special restrictions on certain nationalities and property acquisition.
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 liaison, branch and project offices in India requires RBI-authorised application, eligibility, reporting and compliance.
The Master Circular consolidates RBI rules under FEMA 1999 governing foreign entities establishing Liaison, Branch and Project Offices in India: applications via AD Category - I banks in Form FNC, eligibility based on profit track record and minimum net worth, distinct permissible activities by office type, reporting obligations including annual activity certificates and DGP notification, conditions for extensions and closures, general permission criteria for Project Offices and foreign currency accounts, and special restrictions on certain nationalities and property acquisition.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
