Kerala High Court: ED Can Investigate Without FIR in Scheduled Offence Cases (CMRL Matter) || Delhi High Court Upholds TRAI Rule Capping TV Advertisements at 12 Minutes Per Hour || Supreme Court Directs High Courts to Deliver Judgments in 3 Months and Bail Orders in One Day || Supreme Court: Successful Resolution Applicant Cannot Negotiate Further After CoC Approval || Supreme Court: Succession Law Applies, Not Primogeniture, to Ex-Royal’s Private Estate Inheritance || Supreme Court: Writ Jurisdiction Cannot Challenge Arbitrator’s Section 16 Decision || Supreme Court: Sanyasi Status Cannot Be Ground to Reject Land Compensation Claim || Supreme Court: Section 33(1)(a) of Arbitration Act Cannot Alter Nature of Interest in Award || Supreme Court: Society Office Bearers Not Liable for Cheque Dishonour Without Active Business Role || Supreme Court: Asking a Woman to Adjust in Marriage Does Not Amount to Cruelty By In-Laws

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 :