Foreign Exchange Management (Establishment in India of a branch office or a liaison office or a project office or any other place of business) Regulations, 2016 - FEMA 22(R) /RB-2016] - Foreign Exchange Management
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Establishment of foreign offices in India requires RBI approval and compliance with eligibility, activity and reporting rules. The Regulations require prior Reserve Bank approval for establishment in India of branch, liaison, project or other business offices by non residents, subject to statutory exceptions. They set financial eligibility criteria or allow a parent Letter of Comfort, prescribe permitted activities by office type, require application via Form FNC through an Authorised Dealer Category I bank, impose reporting and audit obligations including an Annual Activity Certificate, govern remittance of profits and winding up proceeds, and mandate Reserve Bank clearance or additional registration for specified nationalities, sectors and regions.
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 offices in India requires RBI approval and compliance with eligibility, activity and reporting rules.
The Regulations require prior Reserve Bank approval for establishment in India of branch, liaison, project or other business offices by non residents, subject to statutory exceptions. They set financial eligibility criteria or allow a parent Letter of Comfort, prescribe permitted activities by office type, require application via Form FNC through an Authorised Dealer Category I bank, impose reporting and audit obligations including an Annual Activity Certificate, govern remittance of profits and winding up proceeds, and mandate Reserve Bank clearance or additional registration for specified nationalities, sectors and regions.
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