Establishment of foreign branch offices: eligibility, approvals and compliance requirements govern opening, operation and remittance. Regulation 4 sets eligibility, permitted activities, application procedures and time limits for foreign branch, liaison and project offices in India; ... Summary
Foreign Exchange Management (Establishment in India of a branch office or a liaison office or a project office or any other place of business) Regulations, 2016
Establishment of foreign branch offices: eligibility, approvals and compliance requirements govern opening, operation and remittance.
Regulation 4 sets eligibility, permitted activities, application procedures and time limits for foreign branch, liaison and project offices in India; requires Form FNC submission via Authorised Dealer Category I banks, prescribes validity and extension regimes (notably for liaison and project offices), imposes registration requirements for nationals of certain countries, and governs fund/non fund facilities, profit remittance (on production of audited accounts and auditor certificates), asset transfer and annual reporting obligations including an Annual Activity Certificate.
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