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of <h1>RBI amends Foreign Exchange Management Regulations; FCRA certificate now required for certain foreign entities establishing offices in India.</h1> The Reserve Bank of India issued amendments to the Foreign Exchange Management Regulations, 2016, concerning the establishment of branch, liaison, or project offices in India. Effective from their publication date, these amendments modify Regulation 5, requiring Non-Government and Non-Profit Organizations, and foreign government bodies to obtain a Foreign Contribution Regulation Act (FCRA) certificate if involved in activities covered by the FCRA. Additionally, Form FNC's declaration now mandates entities not to engage in FCRA-covered activities, warning that any misrepresentation will void the approval granted under these regulations.
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