https://www.taxtmi.com/circulars?id=54177 Money changing business may be undertaken only by persons authorised by the Reserve Bank under the Foreign Exchange Management Act, 1999, and unauthorised activity attracts penal consequences. The Master Direction consolidates instructions for Full Fledged Money Changers, non-bank Authorised Dealers Category-II, and related foreign exchange transactions, while preserving any additional permissions required under other laws. It also states that the Reserve Bank may issue further instructions through circulars and amend the Direction accordingly. en-us Fri, 01 Jan 2016 00:00:00 +0530 Thu, 25 Jun 2026 10:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54177 Money changing business may be undertaken only by persons authorised by the Reserve Bank under the Foreign Exchange Management Act, 1999, and unauthorised activity attracts penal consequences. The Master Direction consolidates instructions for Full Fledged Money Changers, non-bank Authorised Dealers Category-II, and related foreign exchange transactions, while preserving any additional permissions required under other laws. It also states that the Reserve Bank may issue further instructions through circulars and amend the Direction accordingly. Circulars FEMA Fri, 01 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54177