» LO is in the nature of a representative office set up primarily to explore and understand the business and investment climate in India. It generally acts as a communication channel between the parent company overseas and its present or prospective customers in India.
» Body Corporates incorporated outside India are allowed to set up BO engaged in the same activity as that of the foreign parent.
» PO is a place of business in India to represent the interests of the foreign company executing a project in India