https://www.taxtmi.com/circulars?id=53891 Applicants for authorisation of additional FFMC/AD Cat. II branches may submit a proprietor/partner/director/CFO certificate on Net Owned Funds instead of audited-account certificates; confidential banker reports are dispensed with; declarations about pending enforcement proceedings remain required; KYC/AML/CFT policy and internal control write-ups need only be refiled if changed, otherwise a declaration of no change suffices. The revisions take effect immediately and are issued under foreign exchange regulatory powers without prejudice to other legal permissions. en-us Thu, 10 Sep 2015 00:00:00 +0530 Thu, 10 Sep 2015 17:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53891 Applicants for authorisation of additional FFMC/AD Cat. II branches may submit a proprietor/partner/director/CFO certificate on Net Owned Funds instead of audited-account certificates; confidential banker reports are dispensed with; declarations about pending enforcement proceedings remain required; KYC/AML/CFT policy and internal control write-ups need only be refiled if changed, otherwise a declaration of no change suffices. The revisions take effect immediately and are issued under foreign exchange regulatory powers without prejudice to other legal permissions. Circulars FEMA Thu, 10 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53891