Consequences in case of Failure to obtain Permission from RBI

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  1. Corporate Summit

    Corporate Summit New Member

    Dear Experts,
    A client of mine is dealing in the business of films and advertising etc.
    Co. is a pvt. ltd. co.
    They have opened a branch office in USA without taking any permission from RBI.
    Now, as per my understanding, in the context of Indian Rules Company is illegal.
    I am seeking for the consequences in such case. And along with consequences kindly share your views for the minimization of legal obligations on my client.

    Thanks & Regards.
     
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