Supreme Court Quashes Rajasthan Village Renaming, Says Government Must Follow its Own Policy || NCLAT: NCLT Can Order Forensic Audit on its Own, No Separate Application Required || NCLAT Reiterates That IBC Cannot be Invoked as a Recovery Tool for Contractual Disputes || Delhi HC: DRI or Central Revenues Control Lab Presence in Delhi Alone Does Not Confer Jurisdiction || Delhi High Court: Software Receipts Not Taxable on PE Basis Already Rejected by ITAT || Delhi High Court: Statutory Appeals Cannot Be Denied Due to DRAT Vacancies or Administrative Delays || J&K&L HC: Failure to Frame Limitation Issue Not Fatal; Courts May Examine Limitation Suo Motu || Bombay HC: Preventing Feeding Stray Dogs at Society or Bus Stop is Not 'Wrongful Restraint' || Gujarat HC: Not All Injuries Reduce Earning Capacity; Functional Disability Must Be Assessed || Delhi HC: Framing of Charges is Interlocutory and Not Appealable under Section 21 of NIA Act

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 :