Supreme Court: Expecting a Minor to Respond to a Public Court Notice is ‘Perverse’ || SC: Order 23 Rule 1 CPC Applies to S. 11 Arbitration Act, Barring Fresh Arbiration After Abandonment || SC: Later Sanction Requirement Won’t Invalidate Cognizance Taken When No Prior Bar Existed || SC: Documents Not Admitted by an Employee in an Enquiry Must be Proved Through Witnesses || Delhi HC: MHA Has Authority to Initiate Disciplinary Proceedings Against AGMUT IAS Officers || MP HC: Financial Hardship or Mere Allegations of Lawyer’s Negligence Cannot Excuse Delayed Appeal || Patna HC: Blanket Approach of Denying Public Employment to Individuals Named in an FIR is Unfair || Kerala HC: Repeated Possession of Even Small Quantities of Narcotic Drugs Can Invoke KAAPA || Calcutta HC: Employers May Deduct Penal Rent From Gratuity of Employees Refusing to Vacate Quarters || Calcutta High Court: ECI Not Singling Out Bengal, More Transfers in Other Poll-Bound States

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 :