Calcutta HC Disqualifies Politician Mukul Roy from Assembly under Anti-Defection Law  ||  Supreme Court Bans Mining in and Around National Parks and Wildlife Sanctuaries  ||  Supreme Court Terms Delay in Framing Charges for 4 Years in Maharashtra Case ‘Shocking’  ||  Kerala High Court: Widow’s Remarriage No Bar to Compassionate Appointment  ||  Delhi HC: Child Care Leave Not Absolute but Cannot Be Denied Arbitrarily  ||  Bombay HC: Furnace Oil Not Part of ‘Plant & Machinery’, No Complete Sales Tax Set-Off  ||  MP HC: Injury Not Required to Prove Attempt to Murder  ||  Supreme Court: Tenant Must Pay Rent Despite Appeal Against Fixation Order Without Stay  ||  Supreme Court: Counterclaim under Order 8 Rule 6A CPC Allowed Only Against Plaintiff  ||  SC: Externally Procured Parts Given For Assembly, Not Used in Manufacture, Not Liable to Excise Duty    

Banks now able to authorise establishment of branch office of foreign entities- (Reserve Bank of India) (12 Apr 2016)

MANU/PIBU/0372/2016

Commercial

The Reserve Bank of India has empowered AD Cat-I Banks to grant approvals for establishment of Branch Offices, Liaison Offices and Projects Offices in India by foreign entities. Certain off-limits sectors such as Defence and entities from a few excepted countries still require RBI approval for the same. No other changes have been made to FEMA regulations pertaining to establishment of branch or other offices.

Relevant : Foreign Exchange Management (Establishment in India of Branch or Office or other Place of Business) Regulations, 2000 MANU/RFEM/0014/2000

Tags : FOREIGN ENTITY   BRANCH OFFICE   BANK  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved