Foreign Exchange Management (Establishment in India of a branch office or a liaison office or a project office or any other place of business) Regulations, 2016 (FEMA 22(R) (2)/2019-RB 21.1.2019)

RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 Notification No. FEMA 22 (R)/(2)/2019-RB January 21, 2019 Foreign Exchange Management (Establishment in India of a branch office or a liaison office or a project office or any other place of business) (Amendment) Regulations, 2019 In exercise of the powers conferred by sub-section (6) of Section 6 of the Foreign Exchange Management Act, 1999 (42 of 1999) the Reserve Bank of India makes the following amendment in the Foreign Exchange Management (Establishment in India of a branch office or a liaison office or a project office or any other place of business) Regulations, 2016 [ Notification No. FEMA 22(R)/RB-2016 dated March 31, 2016 ], namely: 1. Short Title & Commencement:- (i) These Regulations may be called the Foreign Exchange Management (Establishment in India of a branch office or a liaison office or a project office or any other place of business) (Amendment) Regulations, 2019. (ii) They shall come into force from the date of publication in the official Gazette . 2. Amendment to Regulation 5 In Regulation 5, in clause (c) for the existing proviso, the following shall be substituted namely: “Provided that approval of the Reserve Bank of India is not required in case where Government approval or license/permission by the concerned Ministry/ Regulator has already been granted. Further, in the case of proposal for opening a project office relating to defence sector, no separate reference or approval of Government of India shall be required if the said non-resident applicant has been awarded a contract by/entered into an agreement with the Ministry of Defence or Service Headquarters or Defence Public Sector Undertakings.” (R.K.Moolchandani) Chief General Manager Foot Note:- The Principal Regulations were published in the Official Gazette vide G.S.R. No.384 (E) dated March 31, 2016.