Regulation 8 - Transfer of assets of Liaison Office/Branch Office/Project Office to Joint Venture/Wholly Owned Subsidiary and any other entity in India - Foreign Exchange Management (Establishment In India of Branch Or Office or Other Place of Business) Regulations, 2000

1 [Transfer of assets of Liaison Office/Branch Office/Project Office to Joint Venture/Wholly Owned Subsidiary and any other entity in India 8. A person resident outside India permitted under Regulation 5 to establish a Branch or Project or Liaison Office may, at the time of closure of said Branch or Project or Liaison Office, as the case may be, apply to the authorized dealer concerned for transfer of its assets to JV/WOS or any other entity in India.] ----------------- Notes :- 1. Inserted vide Notification No. FEMA. 295/2014-RB dated : February 24 , 2014