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Project Office in India: For Time-Bound Operations

Ideal for businesses targeting short-term projects in India, a Project Office necessitates RBI approval and registration under the RoC, in alignment with the Companies Act, 2013.

Prerequisites for a Project Office:

• Foreign funding through inward remittance.

• Funding via bilateral or multilateral agencies.

• Clearance from relevant authorities in specific cases.

• Contract awarded by an Indian entity backed by a loan from a Public Financial Institution or an Indian bank.

Activities a Project Office Can Engage In:

• Securing funding from abroad via inward remittances.

• Obtaining financing from multilateral or bilateral agencies.

• Gaining clearance from relevant authorities when needed.

• Contracting with an Indian entity supported by a loan from an Indian bank or Public Financial Institution.