Advisory - Full Fledged Money Changers (FFMC).

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..... 43 of 1961), the Central Government, after consultation with the Reserve Bank of India (RBI), hereby specifies,- (a) the authorised dealer and its franchise agent and sub-agent; and (b) Full-Fledged Money Changer (FFMC) licensed by the Reserve Bank of India and its franchise agent; maintaining a separate bank account from which withdrawal is made only for the purposes of,- (i) purchase of f .....

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..... thorised dealer under sub-section (1) of section 10 of the Foreign Exchange Management Act, 1999 (42 of 1999). 2. The notification shall be deemed to have come into force with effect from the 1st day of September, 2019. [F. No. 370142/12/2019-TPL (Part 2)] SAURABH GUPTA, Under Secy. (Tax Policy & Legislation Division) Explanatory Memorandum : It is certified that no person is being adversely .....

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