https://www.taxtmi.com/circulars?id=7894 Designated Authorised Dealer Category-I banks are empowered to receive and scrutinise Form FNC applications and Annual Activity Certificates for foreign Branch and Liaison Offices (excluding banking and insurance entities), perform due diligence and KYC, extend LO validity where conditions are met (excluding specified sectors), and manage closure formalities and remittance of winding-up proceeds upon obtaining prescribed documents, while quoting the Unique Identification Number and reporting actions to the Reserve Bank; matters outside delegated scope remain to be referred to the Reserve Bank. en-us Wed, 30 Dec 2009 00:00:00 +0530 Fri, 01 Jan 2010 14:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7894 Designated Authorised Dealer Category-I banks are empowered to receive and scrutinise Form FNC applications and Annual Activity Certificates for foreign Branch and Liaison Offices (excluding banking and insurance entities), perform due diligence and KYC, extend LO validity where conditions are met (excluding specified sectors), and manage closure formalities and remittance of winding-up proceeds upon obtaining prescribed documents, while quoting the Unique Identification Number and reporting actions to the Reserve Bank; matters outside delegated scope remain to be referred to the Reserve Bank. Circulars FEMA Wed, 30 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7894