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Transfer of Assets of a Local Office of Foreign Investor to WOS / JV in India

Updated: Jan 18, 2022

The Reserve Bank of India, with a view to smoothen the entire process of closure of a Liaison Office/Branch Office/Project Office (LO/BO/PO) of a foreign entity in India, has through circular dated June 12, 2014 decided to delegate the powers relating to transfer of assets of a LO/BO/PO to authorized dealer banks subject to compliance with certain stipulations.

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