Approval of the Reserve Bank in certain cases for establishment

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..... e, liaison office or project office or any other place of business in India Any application from a person resident outside for opening of a branch office or a liaison office or a project office or any other place of business in India shall require prior approval of Reserve Bank in the following cases where:- the applicant is a citizen of or is registered/incorporated in [ Clause ( .....

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..... license/permission by the concerned Ministry/Regulator has already been granted. In the case of proposal for opening a project office relating to defence sector, no separate reference or approval of Government of India shall be required if the said non-resident applicant has been awarded a contract by/entered into an agreement with the Ministry of Defence or Service Headquarte .....

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..... Such applications shall be forwarded to Reserve Bank, Foreign Exchange Department, Central Office Cell, New Delhi by the Authorised Dealer Category-I bank and be considered in consultation with the Government of India. - Manuals - Ready reckoner - Law and practice - Reference Guide - Quick Commentary Tax Management India - taxmanagementindia - taxmanagement - .....

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