RBI/2014-2015/11
Master Circular No.7/2014-15
July 01, 2014
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.
- 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.
- 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.
- 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,
(C D Srinivasan)
Chief General Manager