Non-resident and Foreigners business in India [Section 6(6)]

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....s section,". the implication under section 6(6) do not affect the various regulation issued by the Reserve Bank section 6(1) to 6(5). The Reserve Bank may, by regulation, prohibit, restrict, or regulate establishment in India of a branch, office or other place of business by a person resident outside India, for carrying on any activity relating to such branch, office or other place of busine....

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....by the company. [define Regulation 2 (d)] * a liaison office; or * "Liaison Office" means a place of business to act as a channel of communication between the principal place of business or Head Office or by whatever name called and entities in India but which does not undertake any commercial /trading/ industrial activity, directly or indirectly, and maintains itself out of inward r....

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.... * if such company has obtained necessary approval under the provisions of the Banking Regulation Act, 1949. [ Clause (a) ] * (b) An insurance company resident outside India shall not require any approval under these Regulations for establishing any office in India * if such company has obtained approval from the Insurance Regulatory and Development Authority established under section 3 of t....