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of <h1>Master Circular on Money Changing Activities: Consolidated Guidance for Authorized Forex Entities Under FEMA, Expires July 1, 2012.</h1> This Master Circular consolidates existing instructions on money changing activities for authorized foreign exchange entities. It compiles relevant circulars and notifications, as detailed in the appendix. The circular is issued with a sunset clause, indicating it will be withdrawn on July 1, 2012, to be replaced by an updated version. The document aims to streamline and centralize guidance on money changing regulations under the Foreign Exchange Management Act (FEMA).
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