https://www.taxtmi.com/circulars?id=2032 General permission allows foreign entities to set up Project Offices in India subject to conditions: a contract with an Indian company and specified funding sources (inward remittance, international finance agency funding, appropriate authority clearance, or term loan to the Indian contracting party). Foreign entities must report detailed project and office particulars to the Reserve Bank Regional Office. Project Offices may seek permission to open Foreign Currency Accounts with reasons and contract excerpts, and remittances of surplus on completion or winding up may be made through Authorised Dealers subject to regulatory conditions, with intermittent remittances requiring Reserve Bank approval. en-us Sat, 15 Nov 2003 00:00:00 +0530 Sat, 04 Oct 2008 10:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2032 General permission allows foreign entities to set up Project Offices in India subject to conditions: a contract with an Indian company and specified funding sources (inward remittance, international finance agency funding, appropriate authority clearance, or term loan to the Indian contracting party). Foreign entities must report detailed project and office particulars to the Reserve Bank Regional Office. Project Offices may seek permission to open Foreign Currency Accounts with reasons and contract excerpts, and remittances of surplus on completion or winding up may be made through Authorised Dealers subject to regulatory conditions, with intermittent remittances requiring Reserve Bank approval. Circulars FEMA Sat, 15 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2032