https://www.taxtmi.com/circulars?id=11514 AD Category I banks may continue to exercise delegated powers for Annual Activity Certificates, LO validity extensions and closures, but they do not have delegated authority to transfer assets of BO/LO. Any transfer or assignment of Liaison Office or Branch Office assets to subsidiaries, other BO/LO or any other entity requires specific approval of the Central Office of the Foreign Exchange Department, Reserve Bank of India; all other aspects of the earlier delegation remain unchanged. en-us Thu, 01 Mar 2012 00:00:00 +0530 Thu, 01 Mar 2012 17:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11514 AD Category I banks may continue to exercise delegated powers for Annual Activity Certificates, LO validity extensions and closures, but they do not have delegated authority to transfer assets of BO/LO. Any transfer or assignment of Liaison Office or Branch Office assets to subsidiaries, other BO/LO or any other entity requires specific approval of the Central Office of the Foreign Exchange Department, Reserve Bank of India; all other aspects of the earlier delegation remain unchanged. Circulars FEMA Thu, 01 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11514