Additional Reporting Requirement For BOs/LOs/POs

This EY Regulatory Alert summarizes a recent Circular issued by the Reserve Bank of India introducing an additional reporting requirement for Branch Office, Liaison Office and Project Office (BO/LO/PO) established in India by Foreign entities. This requirement is in addition to existing reporting requirement. The instructions of the Circular are effective from the date of release of the circular. With an intent to have information about the operations of the foreign entities, foreign nationals visiting these offices in India and those employed in India, this reporting requirement has been included in the guidelines.

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