Commencement deadline for FFMCs: must begin operations within six months and submit registration evidence to RBI. A newly licensed Full Fledged Money Changer must commence operations within six months of licence issuance and must submit documentary evidence of premises and registration - such as Shops and Establishment registration, a rent receipt, or a lease agreement - to the regulatory authority before commencing business.
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Provisions expressly mentioned in the judgment/order text.
Commencement deadline for FFMCs: must begin operations within six months and submit registration evidence to RBI.
A newly licensed Full Fledged Money Changer must commence operations within six months of licence issuance and must submit documentary evidence of premises and registration - such as Shops and Establishment registration, a rent receipt, or a lease agreement - to the regulatory authority before commencing business.
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