Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Operating Money Changing Business Requires Licence Under Foreign Exchange Management Act, 1999; Penalties for Non-Compliance.</h1> A licence is mandatory for conducting money changing business, as stipulated by the Foreign Exchange Management Act, 1999. Only entities authorized by the Reserve Bank can engage in such activities. Operating a money changing business without a valid licence from the Reserve Bank is prohibited and subject to penalties under the Act.