Ozg Registration, Approval & Licensing Group
Ozg Center | London | New Delhi | New York | Mumbai
Phone # 0091-98.11.41.58.31-37-61-72-84-92-94
Website: MoneyChanger.FEMA.in
Email: license.consultant@ozg.co.in
APPLICATION FORM FOR
FFMC LICENSE UNDER SECTION 10(1) OF FEMA, 1999
1. Full name of the applicant
2. Address in full
3. Name
of location/s where
the applicant proposes
to conduct
Money Changing Business (Please
enclose copies of Licenses
under Shops and Establishment Act )
4. (a) Date of establishment of the
company
(b) Name/s and address/es of the
Directors of the company
5. Copy of the Certificate of
Incorporation of the company
6. Copy
of the Certificate
of commencement of
business of the
company
7. Copy
of Memorandum of
Association together with
a letter
indicating the
clause which provides
for taking up
money
changer’s business
8. Confidential report from the
applicant’s bank/s in CIR format
9. Net Owned Funds Rs.
A
copy of the
latest Audited Balance
Sheet of the
applicant
company together
with a certificate
from their Chartered
Accountant certifying
their net owned
funds as on
the date of
application and calculation thereof
is to be enclosed.
10. Declaration to
the effect that
the company and
any of its
directors are
not under investigation/ adjudication
of any law
enforcing agencies,
such as ED/DRI
& also that
no criminal
proceedings filed by Crime Investigation
Agencies are pending
against the company or any of its
directors.
11. Undertaking to
post competent staff
to handle the
money
changer’s business
12. Name , designation and signature of
persons authorized to deal
in foreign exchange.
13. A
brief write up
of the activities
of the applicant/
nature of
business.
14. Whether
the applicant had
applied earlier for
FFMC/ RMC
license. If so the particulars
thereof.
15. Any other particulars / special reasons
the applicant may wish
to state in support of the
application.
We undertake that in the conduct of money changing business, we shall at all time abide by the rules/ regulations/ orders/ directions/ notifications which Reserve Bank of India may from time to time issue in this behalf.
Place :
Date:
Signature
of the applicant with seal
Enclosures:-
1.
Bankers’
confidential Report
2.
Attested
copies of audited accounts for the past 3 years.
Note:-
Single branch FFMCs shall have net owned funds not less than Rs. 25 lakh while
FFMCs intending to operate through more than one branch will have to maintain
net owned funds not less than Rs. 50 lakh.
