11A.7
- Document type
- Manual
- Dated
- Category
- Exchange Management Manual
Practising Profession or carrying on an Occupation, Trade or Business in India by Foreign Nationals
Under Section 30 of FERA 1973, a foreign national wishing to practise a profession or carry on an occupation,trade or business in India should obtain prior permission of Reserve Bank if he desires to seek facilities for remittance outside India of his earnings in India by reason of such profession, occupation, trade or business. Applications for obtaining permission of Reserve Bank should be submitted in form EFN to the Office of Reserve Bank under whose jurisdiction the applicant