Whether permission of RBI or any authority required to open proprietory concern in Hong Kong

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..... Whether permission of RBI or any authority required to open proprietory concern in Hong Kong
Query (Issue) Started By: - RAVINDER GAMBHIR Dated:- 25-2-2010 Last Reply Date:- 4-3-2010 FEMA
Got 1 .....

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..... Reply
FEMA
my client resident indian wants to open a proprietory concern in Hongkong.Is permission from RBI or any other authority required. Reply By Rama Krishana: The Reply: As such there is .....

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..... no restriction for opening a branch outside India by a person who is resident in India. But, if you are dealing with branch or through branch in financial terms, the outflow of foreign exchange occurs .....

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..... , capital account transactions are involved, properties are purchased etc. etc. RBI through the provisions of FEMA, foreign exchange management act, governs these issues. Therefore, you need to refer .....

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..... all these provision which are application in different circumstances in different manner.
Discussion Forum - Knowledge Sharing .....

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