Revocation of FFMC licence occurs where public interest is found or where licence conditions or statutory provisions are breached. Revocation of an FFMC authorisation under Section 10(1) of FEMA may be exercised by the Reserve Bank when it is in the public interest or when the ... Summary
Revocation of FFMC licence occurs where public interest is found or where licence conditions or statutory provisions are breached.
Revocation of an FFMC authorisation under Section 10(1) of FEMA may be exercised by the Reserve Bank when it is in the public interest or when the authorised person has failed to comply with licence conditions or has contravened the Act, rules, regulations, notifications, directions or orders. The Reserve Bank may revoke authorisation of specific offices for infringements and may vary or impose licence conditions at any time.
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