procedural guidelines

Establishment of Branch (BO) / Liaison Offices (LO) in India by Foreign Entities — Delegation of Powers

Attention of Authorised Dealer Category – I banks is invited to Notification No. FEMA 22/2000-RB dated May 3, 2000 viz. Foreign Exchange Management (Establishment in India of Branch or Office or other Place of Business) Regulations, 2000 as amended from time to time, in terms of which a person resident outside India requires prior approval of the Reserve Bank for establishing Branch (BO)/ Liaison Offices (LO) in India.
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Use of RTGS/NEFT/NECS/ECS for Credit to NRE Accounts

RBI/2009-10/ 122 ; DPSS (CO) EPPD No.327/04.03. 02/2009-10 August 14, 2009 Compliance with FEMA Regulations and Wire Transfer Guidelines As you are aware, FEMA Regulations specify the nature of credits that are permitted to NRE accounts which, inter-alia, include foreign inward remittances, transfers from other NRE accounts, funds received from a local source (representing interest [...]
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