https://www.taxtmi.com/circulars?id=54508 Procedural framework for foreign entities establishing Branch, Liaison or Project Offices in India requires submission of Form FNC to a designated AD Category I bank, which conducts due diligence and may grant approval under delegated powers. Certain applicants require prior Reserve Bank approval and all approved offices receive a Unique Identification Number (UIN) from RBI before the approval letter is issued. Compliance includes defined validity periods, Annual Activity Certificates, bank account and foreign currency account rules for POs, documentation for profit remittances and asset transfers, and reporting obligations by the AD bank. en-us Thu, 12 May 2016 00:00:00 +0530 Fri, 13 May 2016 10:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54508 Procedural framework for foreign entities establishing Branch, Liaison or Project Offices in India requires submission of Form FNC to a designated AD Category I bank, which conducts due diligence and may grant approval under delegated powers. Certain applicants require prior Reserve Bank approval and all approved offices receive a Unique Identification Number (UIN) from RBI before the approval letter is issued. Compliance includes defined validity periods, Annual Activity Certificates, bank account and foreign currency account rules for POs, documentation for profit remittances and asset transfers, and reporting obligations by the AD bank. Circulars FEMA Thu, 12 May 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54508