https://www.taxtmi.com/circulars?id=54190 The Master Direction consolidates FEMA rules for foreign entities establishing BO/LO/PO in India: eligibility criteria (financial track record, net worth, sectoral restrictions), application procedure via Form FNC to a designated AD Category I bank with Reserve Bank UIN allotment where required, specified validity and extension rules, operational controls on bank accounts and permitted activities, mandatory Annual Activity Certificates with auditor scrutiny, conditions for remittance of profits and project remittances, procedures for transfer of assets and closure, and AD bank obligations on due diligence, reporting and compliance. en-us Fri, 01 Jan 2016 00:00:00 +0530 Sun, 12 Feb 2023 17:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54190 The Master Direction consolidates FEMA rules for foreign entities establishing BO/LO/PO in India: eligibility criteria (financial track record, net worth, sectoral restrictions), application procedure via Form FNC to a designated AD Category I bank with Reserve Bank UIN allotment where required, specified validity and extension rules, operational controls on bank accounts and permitted activities, mandatory Annual Activity Certificates with auditor scrutiny, conditions for remittance of profits and project remittances, procedures for transfer of assets and closure, and AD bank obligations on due diligence, reporting and compliance. Circulars FEMA Fri, 01 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54190