Reporting obligation: Authorized dealers must promptly notify the regulator of adverse AAC findings or non-submission by foreign offices. Designated Category I Authorized Dealers must promptly report to the central banking regulator any adverse audit findings in the Annual Activity Certificate of a liaison, branch, or project office of a foreign entity in India, and must report instances where such offices default in submitting their AACs; the duty to report is immediate upon noticing the adverse finding or non-submission.