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of <h1>Franchisee Agreement for Money Changing Under FEMA: Key Features and Compliance for AD Categories and FFMCs</h1> A franchisee agreement for money changing activities, as per FEMA guidelines, allows AD Category-I, AD Category-II, and FFMCs to engage entities with a minimum net owned funds of Rs.10 lakh for restricted money changing business. The agreement should include key features: franchisees must display their franchiser's name and exchange rates, and are authorized only to purchase foreign currency. They must surrender purchased currency to the franchiser within seven days, maintain transaction records, and undergo annual on-site inspections by the franchiser. The terms, including commission or fees, are mutually agreed upon between the franchiser and franchisee.
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