The Master Direction (RBI/FED/2015-16/6, FED Master Direction No.10/2015-16) issued by the Reserve Bank of India is an important regulatory document under the Foreign Exchange Management Act (FEMA) that provides comprehensive guidelines for foreign entities intending to establish Branch, Liaison, or Project Offices in India. This directive consolidates various regulations, simplifies the approval process, and clarifies operational and compliance requirements, making it a crucial resource for foreign investors. The document reflects India’s commitment to facilitating foreign investment while safeguarding its economic interests.