Letter of Comfort cannot substitute for required financial soundness for liaison, branch or project offices under FEMA FAQs. FEMA guidance states that a parent company's Letter of Comfort is not an acceptable substitute for demonstrable financial soundness required for liaison, ... Summary
Letter of Comfort cannot substitute for required financial soundness for liaison, branch or project offices under FEMA FAQs.
FEMA guidance states that a parent company's Letter of Comfort is not an acceptable substitute for demonstrable financial soundness required for liaison, branch and project offices of foreign entities in India.
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