Foreign exchange management act query

Ritik Jain (Student) (20 Points)

10 October 2021  

In case a Individual Citizen of India becomes Non resident as per the provision of Income Tax Act, 1961 and FEMA . Since from March 2020 he is in abroad. He wants to setup business in  abroad. So whether any prior approval of RBI is Required or not??  and any filing of return is required in this regard ?? Please elaborate.