https://www.taxtmi.com/circulars?id=52280 Establishment of Liaison, Branch and Project Offices by foreign entities requires Reserve Bank approval under FEMA via Reserve Bank or Government routes, with eligibility based on profit track record and minimum net worth, submission through an AD Category I bank, and allotment of a Unique Identification Number and PAN. LOs may only undertake non revenue liaison functions funded by inward remittances; BOs may carry out specified commercial and service activities but cannot retail trade or manufacture; POs qualify for general permission when supported by specified contract or financing criteria and may maintain restricted foreign currency accounts. All offices face reporting, auditing, extension and closure procedures and other operational conditions. en-us Mon, 01 Jul 2013 00:00:00 +0530 Wed, 10 Jul 2013 15:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52280 Establishment of Liaison, Branch and Project Offices by foreign entities requires Reserve Bank approval under FEMA via Reserve Bank or Government routes, with eligibility based on profit track record and minimum net worth, submission through an AD Category I bank, and allotment of a Unique Identification Number and PAN. LOs may only undertake non revenue liaison functions funded by inward remittances; BOs may carry out specified commercial and service activities but cannot retail trade or manufacture; POs qualify for general permission when supported by specified contract or financing criteria and may maintain restricted foreign currency accounts. All offices face reporting, auditing, extension and closure procedures and other operational conditions. Circulars FEMA Mon, 01 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52280