https://www.taxtmi.com/circulars?id=2053 General permission is granted to foreign companies to establish branch offices or units in Special Economic Zones for manufacturing and services where full foreign direct investment is permitted and Part XI of the Companies Act is complied with. Such units must operate on a stand-alone basis confined to the SEZ and, on winding-up, must present to an Authorised Dealer an auditor's certificate addressing remittable amounts and liabilities, a tax clearance certificate, and confirmation of absence of legal impediments to remittance. en-us Fri, 16 Jan 2004 00:00:00 +0530 Sat, 04 Oct 2008 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2053 General permission is granted to foreign companies to establish branch offices or units in Special Economic Zones for manufacturing and services where full foreign direct investment is permitted and Part XI of the Companies Act is complied with. Such units must operate on a stand-alone basis confined to the SEZ and, on winding-up, must present to an Authorised Dealer an auditor's certificate addressing remittable amounts and liabilities, a tax clearance certificate, and confirmation of absence of legal impediments to remittance. Circulars FEMA Fri, 16 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2053