RBI Circular - Master Circular on Establishment of Liaison / Branch / Project Offices in India by Foreign Entities

RBI/2015-16/54
Master Circular No.7/2015-16

July 01, 2015

To,
All Category – I Authorised Dealer banks

Madam / Sir,

Master Circular on Establishment of Liaison / Branch /
Project Offices in India by Foreign Entities

Establishment of Branch/Liaison/Project Offices in India is regulated in terms of Section 6(6) of Foreign Exchange Management Act, 1999 read with Notification No. FEMA 22/2000-RB dated May 3, 2000 as amended from time to time.

2. This Master Circular consolidates the existing instructions on the subject of “Establishment of Branch/Liaison/Project Offices in India by Foreign Entities'; at one place. The list of underlying circulars/notifications consolidated in this Master Circular is furnished in the Appendix.

3. This Master Circular is being updated from time to time as and when the fresh instructions are issued. The date up to which the Master Circular has been updated is suitably indicated.

4. This Master Circular may be referred to for general guidance. The Authorised Persons and the Authorised Dealer Category – I banks may refer to respective circulars/ notifications for detailed information, if so needed.

Yours faithfully,

(A.K. Pandey)
Chief General Manager