OBS_VALUE: <ul><li><a href=https://dpiit.gov.in/sites/default/files/FDI-PolicyCircular-2020-29October2020_0.pdf target=_blank>Consolidated FDI Policy (Effective from October 15, 2020)(Consolidated FDI policy : Effective from October 15, 2020. Art. 5.2.10.)</a></li><li><a href=https://rbi.org.in/Scripts/BS_ViewMasterDirections.aspx?id=10196 target=_blank>RBI Master Circular on Establishment of Liaison Branch Project Offices in India by Foreign Entities(RBI/2018-19/154A.P. (DIR Series) Circular No. 27. Adopte on March 28  2019)</a></li></ul>