Rajasthan High Court: No Law for Conducting Arrest through Video Calls || Gauhati HC Stays Operation of Two Amendments to the Nagaland Lokayukta Act || Mad. HC: “Sexual Harassment” as Seen from PoSH Act Gives Significance to the Act than the Intention || Del. HC: Restriction u/s 37 of NDPS Act Cannot take Precedence Over Accused’s Right u/a 21 || Ker. HC: Creating Geographical Restriction for an Escort Visit Can’t be Considered Violation of FRs || Bom. HC: Can Proceed with Trial if Accused Neither Appears Nor Seeks Exemption from Attendance || Bom. HC: Cannot Breach Fundamental Rights of Residents Merely because they Feed Dogs || Del. HC: While Calculating Compensation, Family Pension Paid to Deceased’s Family Cannot be Deducted || Del. HC: Department Can't Hold Compliance once Court Orders Release of Bank Guarantee by Trader || Allahabad HC: Cannot Claim Use of Loudspeakers as a Matter of Right

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 :