https://www.taxtmi.com/circulars?id=55708 The Master Direction prescribes the MTSS regulatory framework: only specified authorised entities meeting minimum Net Owned Funds and fitness criteria may be authorised by the Reserve Bank as Indian Agents for inward personal remittances; applications must include due diligence documents on Overseas Principals, audited financials and banker reports; Overseas Principals must meet net worth and AML requirements and remain responsible for agent activities; Sub Agents require specified due diligence and quarterly reporting; operational limits, KYC/AML/CFT controls, collateral requirements and renewal and inspection procedures are mandated. en-us Wed, 22 Feb 2017 00:00:00 +0530 Wed, 07 Jan 2026 17:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=55708 The Master Direction prescribes the MTSS regulatory framework: only specified authorised entities meeting minimum Net Owned Funds and fitness criteria may be authorised by the Reserve Bank as Indian Agents for inward personal remittances; applications must include due diligence documents on Overseas Principals, audited financials and banker reports; Overseas Principals must meet net worth and AML requirements and remain responsible for agent activities; Sub Agents require specified due diligence and quarterly reporting; operational limits, KYC/AML/CFT controls, collateral requirements and renewal and inspection procedures are mandated. Circulars FEMA Wed, 22 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=55708