SC: Cheque Dishonour Complaint Can't be Quashed Pre-Trial if Sec 138 NI Act Conditions Met || SC: Personal Hearing Not Required Before Banks Declare Account ‘Fraud’ || Supreme Court Faults UCO Bank For Attempt to Stall Employee’s VRS Through Show Cause Notice || SC: PwD Post in Unreserved Category Can be Filled by SC/ST/OBC Candidates With Disabilities || Delhi HC: FSSAI Has No Authority to Regulate Animal Feed || Gauhati HC: Adult Son Pursuing Studies is Not Entitled to Maintenance under Section 125 CrPC || Cal HC Upholds Divorce, Rules False Cases by Wife And 17-Year Separation Constitute Mental Cruelty || Supreme Court: Calling Someone ‘Bastard’ In Heated Exchange Isn’t Obscenity under IPC Section 294 || Supreme Court: Even a Single Tainted Public Work Award Violates Article 14 || Supreme Court Upholds Lease Cancellation, Denies Relief for Failure to Develop Allotted Land

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 :