Before we go through all the essential documents required for FFMC License, it is vital for you to understand the meaning of FFMC. An FFMC stand for Full Fledged Money...
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Due to a sudden increase in the foreign trips, the option to have a money changer business is very much in trend. Any entity or an individual who wants to...
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Before we discuss the list of documents required for FFMC License in Delhi, it is important for us to know the definition of FFMC. FFMC stands for Full Fledged Money...
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Any company or an individual who wants to carry out forex activities, such as trading or exchange needs to first obtain FFMC Registration from RBI. Further, a Full Fledged Money...
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A Full-Fledged Money Changer is an entity that is approved by the Apex Bank, i.e., RBI, to conduct Money Changing Activities in India. They mainly purchase foreign exchange from the...
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The Authorised Money Changers or AMCs are the companies that have obtained FFMC (Full Fledged Money Changer License) under section 10 of FEMA 1999[1] from RBI. Further, in India, an...
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In India, the authority to hold the essential financial assets, like Foreign Exchange Reserves or Forex, in the form of foreign currencies is with the Apex Bank. These foreign assets...
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