Whether permission of RBI or any authority required to open proprietory concern in Hong Kong

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....hether permission of RBI or any authority required to open proprietory concern in Hong Kong<br> Query (Issue) Started By: - RAVINDER GAMBHIR Dated:- 25-2-2010 Last Reply Date:- 4-3-2010 FEMA<br>Got 1 ....

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....Reply<br>FEMA<br>my client resident indian wants to open a proprietory concern in Hongkong.Is permission from RBI or any other authority required. Reply By Rama Krishana: The Reply: As such there is n....

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....o restriction for opening a branch outside India by a person who is resident in India. But, if you are dealing with branch or through branch in financial terms, the outflow of foreign exchange occurs,....

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.... capital account transactions are involved, properties are purchased etc. etc. RBI through the provisions of FEMA, foreign exchange management act, governs these issues. Therefore, you need to refer a....

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....ll these provision which are application in different circumstances in different manner.<br> Discussion Forum - Knowledge Sharing ....