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of <h1>Foreign Entities Must Report Office Openings/Closures in India Monthly Under RBI and FEMA Guidelines, Section 1999.</h1> The procedure for Authorized Dealer (AD) Category-I banks to report the opening and closing of Branch Offices (BOs), Liaison Offices (LOs), and Project Offices (POs) by foreign entities in India. Under the guidelines of the Reserve Bank of India and the Foreign Exchange Management Act, 1999, banks must submit a consolidated list of these offices to the RBI by the fifth of each month. The report includes details such as the foreign entity's name, country of incorporation, office type, Unique Identification Number (UIN), approval or closure date, and the office's address in India.
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