FNC3
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- Other
- Dated
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- Documents & Forms
Application for permission under Section 29 of the Foreign Exchange Regulation Act, 1973
FNC 3
[Paragraph 11 A.2(i)]
Application for permission under Section 29 of the Foreign Exchange Regulation Act, 1973 to undertake in India an activity of a trading, commercial or industrial nature or to establish in India an office or other place of business for carrying on such activity or to continue to carry on such activity/office etc.
Instructions :
(To be completed by foreign nationals)
1. | The application should be completed in duplicate and submitted directly to the Chief General Manager, Exchange Control Department (Foreign Investment Division), Reserve Bank of India, Central Office, Mumbai - 400 001. However, foreign nationals of Indian origin resident in India should submit the application to the concerned office of Reserve Bank under whose jurisdiction they are residing. |
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2. | A person (other than a citizen of Pakistan or Bangladesh) shall be deemed to be of Indian origin if (a) he, at any time, held an Indian passport; or (b) he or either of his parents or any of his grand parents was a citizen of India by virtue of the Constitution of India or Citizenship Act, 1955 (57 of 1955). A spouse (not being a citizen of Pakistan or Bangladesh) of an Indian citizen or of a person of Indian origin is also deemed to be a person of Indian origin. |
Documentation :
3. | A certificate, in original, from the police authorities showing the date of applicants first entry into India and periods of subsequent stay here. |
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4. | Photo-copies of registration certificate and residential permit issued by the police authorities. |
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5. | Undertaking regarding non-repatriation of capital invested and income accrued in form NRU wherever applicable. |
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6. | Photo-copy of licence obtained from the municipal/local authorities for the business/trade. |
1. | (a) | Full name and address of the | (a) |
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| applicant |
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| (b) | Nationality | (b) |
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| (c) | Residential status | (c) |
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2. | (a) | State whether applicant had ever | (a) |
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| held Indian passport. If yes, give |
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| details |
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| (b) | Whether he/she or either of his/ | (b) |
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| her parents or grand parents was |
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| a citizen of India |
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| (c) | Whether the applicant is a spouse | (c) |
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| of an Indian citizen or of a |
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| person of Indian origin |
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| (d) | Whether he/she intends residing | (d) |
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| in India permanently |
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3. | (a) | Particulars of the trading/ | (a) |
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| commercial/industrial activity |
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| carried on/proposed to be |
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| undertaken for which the |
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| application is being made |
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| (b) | Whether the present business is a | (b) |
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| sole proprietorship concern or a |
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| partnership firm |
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| (c) | Whether a licence from the | (c) |
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| municipal/local authorities has |
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| been obtained for the business/ |
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| trade; if so, please state the |
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| number and date thereof |
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4. | Is the premises in which the business is carried on owned or taken on lease or on rent? If owned or taken on lease for a period exceeding five years, please state the number and date of approval obtained from Reserve Bank under Section 31 of Foreign Exchange Regulation Act, 1973. |
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5. | Do you have any bank account or movable/ immovable property outside India? If so, please state details thereof |
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6. | Do you own any other business or have share in any business other than the one/s already declared? If so, please state details thereof |
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7. | Any other information which the applicant wishes to furnish in support of this application |
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I hereby declare that the particulars given above are true and correct to the best of my knowledge and belief.
Place: ...................... | ......................................................... |
| (Signature of Applicant) |
Date : ...................... |
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