Sirs ,
1. The licensor is a Gulf co and Licensee is an Indian co
2. Any specific RBI approval is required for both
3. Should the agreement to be registered
4. What is the normal jurisdiction , courts abroad or India
V K VIJAYARAGHAVAN (CFO) 09 October 2016
Sirs ,
1. The licensor is a Gulf co and Licensee is an Indian co
2. Any specific RBI approval is required for both
3. Should the agreement to be registered
4. What is the normal jurisdiction , courts abroad or India
adv.bharat @ PUNE (Lawyer) 06 November 2016
2) N o approval from RBI is not required. It require approval from ministry of external affair & Industry.
3) Yes registered rent agreement is MANDATORY.
4) Place of business is the local jurisdiction
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