who has the permission of approval when trading between companies
Liaison Office of Foreign Insurance Companies. Foreign Insurance companies can establish Liaison Offces in India after obtaining approval from the Insurance Regulatory and Development Authority. Such Insurance companies have been given general permission under FEMA for establishing Liaison Offces in India.Branch Offces. Companies incorporated outside India and engaged in manufacturing or trading activities are allowed to set up Branch Offces in India with specific approval of the Reserve Bank.t the time of winding up of the Liaison Offces, the company has to approach the respective Regional Office of the Reserve Bank with the documents. â¢ Copy of the Reserve Bankâs permission for establishing the Office in India.