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liasioning office (LO)( RBI general permission)

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(Querist)
24 June 2009 can LO of foreign co. open other offices in india without permission/intimation to RBI.whether there is separate permission(in Form-FNC-1) of RBI required?????
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CA PARVEEN GAMBHIR

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CA PARVEEN GAMBHIR (Expert)
24 June 2009 Yes for LO one needs specific prior approval of RBI.
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
24 June 2009 yes u need to take permission from RBI
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