RBI/FED/2015 -16/6 FED Master Direction No.10/2015 -16 — THE RESERVE BANK OF INDIA ACT, 1934

RBI/FED/2015 -16/6 FED Master Direction No.10/2015 -16 To, All Authorised Dealer Category – I banks Dear Madam / Sir, Master Direction -Establishment of Branch Office (BO)/ Liaison Office (LO)/ Project Office (PO) or any other place of business in India by foreign entities Establishment of branch office/ liaison office / project office or any other place of business in India by foreign entities is regulated in terms of Section 6(6) of Foreign Exchange Management Act, 1999 read with 1 Notification No. FEMA 22(R)/2016-RB dated March 31, 2016 . These Regulations are amended from time to time to incorporate the changes in the regulatory framework and published through amendment notifications. Within the contours of the Regulations, Reserve Bank of India also issues directions to Authorised Persons under Section 11 of the Foreign Exchange Management Act (FEMA), 1999. These directions lay down the modalities as to how the foreign exchange business has to be conducted by the Authorised Persons with their customers/constituents with a view to implementing the regulations framed. 1 Notification No. FEMA 22/2000 -RB dated May 3, 2000, on Foreign Exchange Management (establishment in India of Branch or office or other place of business) Regulation was repealed and replaced by Notification No. FEMA 22(R)/2016-RB dated March 31, 2016 with effect from March 31, 2016. January 01, 2016 (Updated as on May 18, 2021) (Updated as on March 29, 2019) (Updated as on February 28, 2019) (Updated as on May 10, 2018) (Updated as on May 17, 2016) This Master Direction consolidates the existing instructions on the subject of "Establishment of branch office/ liaison office / project office or any other place of business in India by foreign entities " at one place. Reporting instructions can be found