Delhi High Court: Phonetic Similarity between Boat & Boult Can Cause Confusion Online || SC: Recording Reasons Is Mandatory For Searches without A Warrant under Special Laws || SC Dismissed MP Police Plea against Quashing FIR Alleging Marital Cruelty against MLA Umang Singhar || SC Held Financial Bids in Public Tenders Cannot Be Altered Post-Opening To Protect Process Sanctity || SC: Defendant Cannot File a Counter-Claim against a Co-Defendant under Order VIII Rule 6-A CPC || Supreme Court Ruled That Barring Non-Muslims from Creating Waqfs Is Not Prima Facie Arbitrary || SC Rejected Writ Petition Seeking Review of Judgment Upholding WB Madrasah Service Commission Act || SC Grants Interim Bail to Mahesh Raut on Medical Grounds in Bhima Koregaon Case || SC: Non-Production of Contraband Not Fatal If Seizure and Sample-Drawing Follow S.52A of NDPS Act || Supreme Court Takes Suo Motu Cognizance of Industrial Pollution in Rajasthan's Jojari River

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 :