Delegation of MTSS application processing to regional offices shifts Indian Agent permission filings to local Reserve Bank offices. Applications for permission to act as Indian Agents under the Money Transfer Service Scheme must henceforth be submitted to the respective Regional Office of the Foreign Exchange Department that has jurisdiction over the applicant's registered office; all other MTSS instructions remain unchanged. The circular requires Authorised Persons to inform their constituents and states the directions are issued under the authority of the Foreign Exchange Management Act without prejudice to other legal permissions.
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Provisions expressly mentioned in the judgment/order text.
Delegation of MTSS application processing to regional offices shifts Indian Agent permission filings to local Reserve Bank offices.
Applications for permission to act as Indian Agents under the Money Transfer Service Scheme must henceforth be submitted to the respective Regional Office of the Foreign Exchange Department that has jurisdiction over the applicant's registered office; all other MTSS instructions remain unchanged. The circular requires Authorised Persons to inform their constituents and states the directions are issued under the authority of the Foreign Exchange Management Act without prejudice to other legal permissions.
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