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Branch office Establishment by Foreign entities (in Hindi)
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In this lesson Sakshi explains the notification regarding FCRA

Sakshi Pahwa is teaching live on Unacademy Plus

Sakshi Pahwa
Qualified IBPS PO, Category Expert at Unacademy, 4 years of Experience in developing content for Competitive Exams, an MBA in Marketing and

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  1. BANK RBI NOTIFICATIONS: IMPORTANT TERMS AND ANALYSIS PRESENTED BY SAKSHI PAHWA


  2. OTHER COURSES BY ME Monthly Current Affairs Monthly Banking And Financial Awareness Monthly RBI Notification Mock Questions For Various Bank Exams Such As SBI, IBPS, RBI GRADE B Etc MBA in Marketing and Finance Qualified IBPS PO Follow me on https://unacademy.com/user/sakshi. pahwa248 Doubt or Feedback in the Comments Section Rate, review, recommend the lesson Practice Questions with Strategies on important topics like Parajumbles, RC, Sentence Connectors, Cloze Test etc.


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  4. Establishment of Branch Office (BO)/ Liaison Office (LO)/Project Office (PO) or any other place of business in India by foreign entities In terms of extant Requlations, applications received from a Non- Government Organisation, Non-Profit Organization, Body/Agency/ Department of a foreign Government for opening of a branch office or a liaison office or a project office or any other place of business in India are to be forwarded to the Reserve B nk for prior approval and be considered in consultation with the Government of India. This has since been reviewed and as notified through Notification No FEMA 22(R)(1), it is advised that if such an entity is engaged, partly or wholly, in any of the activities covered under Foreign Contribution (R qulation) Act, 2010 (FCRA), it shall obtain a certificate of registration under the said Act and shall not seek permission under FEMA 22(R). 3. Accordingly, the Form FNC has also been suitably modified and the following phrase added under the heading 'Declaration' in Part Il clause (ii), at the end of the existing sentence.


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