AD bank approval permits transfer of assets of liaison, branch and project offices to third resident parties under FEMA FAQs. An Authorised Dealer bank may approve transfer of assets of Liaison Offices, Branch Offices or Project Offices of foreign entities to third resident ... Summary
AD bank approval permits transfer of assets of liaison, branch and project offices to third resident parties under FEMA FAQs.
An Authorised Dealer bank may approve transfer of assets of Liaison Offices, Branch Offices or Project Offices of foreign entities to third resident parties under the FEMA framework, subject to applicable FEMA procedures and any conditions imposed by the AD bank.
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