On a recent gazette notification published on 21st January 2019, the RBI has finally amended relevant legal provisions to dispense with the requirement for foreign companies to obtain prior RBI approval for establishing Branch Office/ Project Office/ Liaison Office or any other place of business in India in the aforesaid sectors in cases where prior Government approval or license/permission from concerned Ministry/Regulator has been granted.

Nischal Arora, Director- Regulatory shares his views on aforementioned story for PTI(NEWS AGENCY).
foreign-firms-in-telecom-3-other-sectors-need-not-obtain-rbi-nod-to-open-branch-offices-nischal-arora