Whether an LO can be upgraded under automatic route to BO under AD approval if overseas entity is eligible to open the BO under general permission? https://www.taxtmi.com/manuals?id=6359 Conversion of a Liaison Office into a Branch Office is permitted under the automatic route when the overseas entity satisfies the eligibility criteria for a branch under general permission; the upgrade is effected with the approval of the authorised dealer bank, following Reserve Bank advice, and applies to liaison, branch and project offices under FEMA. en-us Tue, 10 Dec 2024 14:32:00 +0530 Tue, 10 Dec 2024 14:32:00 +0530 TaxTMI RSS Generator Whether an LO can be upgraded under automatic route to BO under AD approval if overseas entity is eligible to open the BO under general permission? https://www.taxtmi.com/manuals?id=6359 Conversion of a Liaison Office into a Branch Office is permitted under the automatic route when the overseas entity satisfies the eligibility criteria for a branch under general permission; the upgrade is effected with the approval of the authorised dealer bank, following Reserve Bank advice, and applies to liaison, branch and project offices under FEMA. Manuals FEMA Tue, 10 Dec 2024 14:32:00 +0530 https://www.taxtmi.com/manuals?id=6359