Once the PO has been set up in India for executing a specific project in India under general permission, at times, the overseas entity is awarded another project by the same or a different project awarding entity. In view of the same, can maintaining of bank account at entity level, filing of AACs, complying with submission of closure documentations on completion of the project and maintaining of books of accounts at entity level be complied with at PO entity level instead of at specific project level?

Project Offices in India Must Fulfill Compliance Requirements at Entity Level, Not Project Level, Under General Permission.

When a Project Office (PO) is established in India for a specific project under general permission, and the overseas entity receives another project, compliance requirements such as maintaining a bank account, filing Annual Activity Certificates (AACs), submitting closure documentation, and keeping books of accounts must be fulfilled at the PO entity level rather than at the specific project level.