https://www.taxtmi.com/circulars?id=8151 Foreign entities proposing Liaison Office, Branch Office or Project Office in India must apply in Form FNC via a designated AD Category I bank to the Reserve Bank under Reserve Bank or Government routes; eligibility requires specified profit track record and minimum net worth or a Letter of Comfort from an eligible parent. The Circular prescribes permissible activities and prohibitions for each office type, issuance of a Unique Identification Number, PAN requirement, annual Chartered Accountant activity certificates, procedures for extension, operation of foreign currency/INR accounts for project and branch operations, and detailed closure and remittance documentation requirements. en-us Thu, 01 Jul 2010 00:00:00 +0530 Wed, 11 Feb 2026 15:55:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8151 Foreign entities proposing Liaison Office, Branch Office or Project Office in India must apply in Form FNC via a designated AD Category I bank to the Reserve Bank under Reserve Bank or Government routes; eligibility requires specified profit track record and minimum net worth or a Letter of Comfort from an eligible parent. The Circular prescribes permissible activities and prohibitions for each office type, issuance of a Unique Identification Number, PAN requirement, annual Chartered Accountant activity certificates, procedures for extension, operation of foreign currency/INR accounts for project and branch operations, and detailed closure and remittance documentation requirements. Circulars FEMA Thu, 01 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8151