Establishment of Branch Offices/Units in Special Economic Zones

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..... am / Sirs, Establishment of Branch Offices/Units in Special Economic Zones Attention of Authorised Dealers is invited to A. P. (DIR Series) Circulars Nos. 28 dated March 30, 2001, 91 dated April 1, 2003 and 29 dated October 18, 2003, extending various facilities to units in Special Economic Zones. 2. It has been decided to grant General Permission to foreign companies to establish Branch .....

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..... cating the manner of disposal of assets; ii) Confirming that all liabilities in India including arrears of gratuity and other benefits to employees etc. of the branch/office have been either fully met or adequately provided for; iii) Confirming that no income accruing from sources outside India (including proceeds of exports) has remained unrepatriated to India; No-objection or Tax clearance .....

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..... osed). 4. Authorised Dealers may bring the contents of this Circular to the notice of their constituents concerned. 5. The directions contained in this circular have been issued under Sections 10 (4) and 11 (1) of the Foreign Exchange Management Act 1999 (42 of 1999). Yours faithfully, Grace Koshie Chief General Manager Encl : As above - Circular - Trade Notice - Public Notice - I .....

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