https://www.taxtmi.com/acts?id=20751 Establishment of foreign offices in India is governed by prescribed eligibility based on profit and net worth or a parent company Letter of Comfort; permissible activities are limited to listed schedules; applications in Form FNC go to an Authorised Dealer Category I bank whose approval may lapse if the office is not opened within six months unless extended. Liaison offices have time limited approvals with specified extension rules; project offices require defined contractual or financing conditions. Remittances of profits and winding up proceeds require audited accounts, auditor certifications and compliance with tax and liability provisions, and Annual Activity Certificates must be filed. en-us Wed, 06 Apr 2016 12:23:27 +0530 Tue, 17 Jun 2025 12:18:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20751 Establishment of foreign offices in India is governed by prescribed eligibility based on profit and net worth or a parent company Letter of Comfort; permissible activities are limited to listed schedules; applications in Form FNC go to an Authorised Dealer Category I bank whose approval may lapse if the office is not opened within six months unless extended. Liaison offices have time limited approvals with specified extension rules; project offices require defined contractual or financing conditions. Remittances of profits and winding up proceeds require audited accounts, auditor certifications and compliance with tax and liability provisions, and Annual Activity Certificates must be filed. Act-Rules FEMA Wed, 06 Apr 2016 12:23:27 +0530 https://www.taxtmi.com/acts?id=20751