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Prohibition against opening a branch office or a liaison office or a project office or any other place of business in India

Regulation 3 - Regulation - FEMA - Regulation 3 - 3. No person resident outside India shall without prior approval of the Reserve Bank open in India a branch office or a liaison office or a project office or any other place of business by whatever na .....

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under the provisions of the Banking Regulation Act, 1949. b. An insurance company resident outside India shall not require any approval under these Regulations for establishing any office in India if such company has obtained approval from the Insura .....

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