Activities which may be undertaken by the branch or office in India

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..... n India (i) A person resident outside India permitted by the Reserve Bank under Regulation 5, to establish a branch or a liaison office in India may undertake or carry on any activity specified in Schedule I or, as the case may be, in Schedule II, but shall not undertake or carry on other activity unless otherwise specifically permitted by the Reserve Bank. 1(ii) Opening of Project Office unde .....

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