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of <h1>Foreign NGOs Need RBI Approval for Indian Offices; Must Comply with FCRA and Update Form FNC Declaration.</h1> The circular addresses the establishment of Branch Offices, Liaison Offices, Project Offices, or any business place in India by foreign entities. It highlights that applications from foreign NGOs, non-profits, or government bodies for such establishments require prior approval from the Reserve Bank of India (RBI) in consultation with the Government of India. Entities engaged in activities under the Foreign Contribution (Regulation) Act, 2010 must obtain registration under the Act and cannot seek permission under FEMA 22(R). The Form FNC has been updated to include a declaration regarding compliance with FCRA. Other provisions remain unchanged, and banks are instructed to inform their clients.
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