Project office rbi6/11/2023 ![]() ![]() in order to open a bank account, a resolution or a covering letter,.banker’s report from the company’s bank mentioning the years of banking relationship of the company with the bank,.authorized personnel’s proof of residence and copies of passport,.a letter of authority from the parent company in favor of the local representative,.Board resolution, on company letterhead, by the foreign company stating its intention to set up a project office in India.Certificate of incorporation/registration or MOA & AOA attested by Indian Embassy/Notary public in the country of registration and in English language.The following documents are required to be submitted for the purpose of opening a project office:Īn application must be filed by a no-resident entity in Form FNC to the designated Authorized Dealer Category-1 Bank (identified by the applicant with whom they intend to pursue banking relation) along with the prescribed documents. India has relaxed guidelines since previous years to promote inclusion of foreign companies in the Indian market and now the process is time efficient and easy to proceed with. That these accounts are closed after the completion of the projects. ![]() And these accounts are subjected to scrutiny by the concurrent auditor
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