NCLAT Sets Aside Insolvency, Imposes ?10L Costs Following Recusal over Attempt to Influence Member || J&K&L HC: Sec 195 CrPC Bars Cognizance Without Public Servant's Complaint, Not FIR or Investigation || Allahabad HC: Preliminary Issues Barred if Raised 18 Years After Issues Were Framed in a Suit || Guj HC: No Prior Hearing Needed to Dismiss Cop After Corruption Conviction under Article 311(2)(A) || Madras HC: Senior Citizens Act Applies Only To Post-2007 Property Transfers, Not Retrospective || Supreme Court: Private Insurer Not Liable For Accident by Vehicle under State Requisition || SC: Reserved Candidates Can Claim General Seats on Merit with Relaxation if Rules Allow || SC: No Vested Right to Appointment For Next Candidate if Selected One Doesn't Join || Supreme Court Restores Arbitral Award, Rules State Cannot Be Judge in its Own Dispute Case || Delhi HC: Girl Being Friendly on Valentine’s Day Does Not Justify Forced Sexual Activity under POCSO

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 :