TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Authorized Dealer Banks Empowered to Manage Foreign Branch and Liaison Offices in India Under New RBI Guidelines.</h1> The circular outlines the delegation of powers to Authorized Dealer Category-I banks regarding the establishment, operation, and closure of Branch (BO) and Liaison Offices (LO) by foreign entities in India. Effective February 1, 2010, these banks can extend the validity of LOs, scrutinize Annual Activity Certificates, and handle closure formalities, ensuring compliance with Reserve Bank of India regulations. Applications from banks and insurance companies remain directly with the Reserve Bank and IRDA. Unique Identification Numbers will be issued for BO/LOs, and compliance with Foreign Exchange Management regulations is mandatory. Amendments to related regulations are forthcoming.
TaxTMI 
TaxTMI 
