Reporting requirement: Authorized banks must monthly report openings and closures of BO/LO/PO to the central bank. AD Category I banks consider applications from foreign entities for establishing BO/LO/PO under RBI guidelines issued under FEMA, 1999, and must compile a consolidated monthly list (Annex II) of BOs/LOs/POs opened and closed, recording entity name, country of incorporation, status of opening/closure, UIN, approval/closure date and Indian office address, and send this return to the General Manager, Reserve Bank of India, Central Office Cell, Foreign Exchange Department, by the fifth of the succeeding month.