https://www.taxtmi.com/acts?id=20753 A parent company or group company supporting establishment of a branch office or liaison office in India must undertake to provide necessary financial support for its operations. It must meet liabilities arising from the office's functioning if the branch or liaison office cannot do so. The Letter of Comfort identifies the applicant entity, is addressed to the Authorised Dealer Category-I bank, and is supported by the parent or group company's latest audited balance sheet or a Certified Public Accountant-certified account statement. en-us Wed, 06 Apr 2016 12:24:32 +0530 Wed, 09 Sep 2026 12:46:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20753 A parent company or group company supporting establishment of a branch office or liaison office in India must undertake to provide necessary financial support for its operations. It must meet liabilities arising from the office's functioning if the branch or liaison office cannot do so. The Letter of Comfort identifies the applicant entity, is addressed to the Authorised Dealer Category-I bank, and is supported by the parent or group company's latest audited balance sheet or a Certified Public Accountant-certified account statement. Act-Rules FEMA Wed, 06 Apr 2016 12:24:32 +0530 https://www.taxtmi.com/acts?id=20753