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October 2012

15 A. P. (DIR Series) Circular No. 31 dated 17th September, 2012

By Gaurang Gandhi, Chartered Accountant
Reading Time 1 mins
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Establishment of Liaison Office (LO)/Branch Office (BO)/Project Office (PO) in India by Foreign Entities – Clarification.

This circular clarifies that foreign Non-Government Organisations/Non-Profit Organisations/Foreign Government Bodies/Departments, by whatever name called can set-up/establish offices in India (liaison/ branch/project) only after obtaining prior approval of RBI under the Approval Route.

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