27 April 2011
Permitted activity List is given in the permission letter issued by RBI. LO needs to comply with the same. However activities like Factory compliances, order follow up doesnt require any permission.
27 April 2011
Dear Seema, LO can only do the activity relating to : • Representing the parent company / group companies in India. • Promoting export / import from / to India. • Promoting technical/ financial collaborations between parent / group companies and companies in India. • Acting as a communication channel between the parent company and Indian companies
So LO can due preshipment inspection if it relates to export from India. You can also refer following RBI circular http://rbidocs.rbi.org.in/rdocs/notification/PDFs/3109APDIR23.pdf
CAclubindia
