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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
