https://www.taxtmi.com/manuals?id=6275 AD Category I banks, AD Category II entities and FFMCs may appoint franchisees to carry on restricted money changing business; franchisees must have a place of business and meet minimum Net Owned Funds and are authorised only for restricted money changing. The agency agreement must require display of franchiser details and exchange rates, surrender of purchased foreign currency to the franchiser within a short period, maintenance of proper transaction records, and at least annual on site inspection by the franchiser. en-us Thu, 05 Dec 2024 16:08:00 +0530 Thu, 05 Dec 2024 16:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=6275 AD Category I banks, AD Category II entities and FFMCs may appoint franchisees to carry on restricted money changing business; franchisees must have a place of business and meet minimum Net Owned Funds and are authorised only for restricted money changing. The agency agreement must require display of franchiser details and exchange rates, surrender of purchased foreign currency to the franchiser within a short period, maintenance of proper transaction records, and at least annual on site inspection by the franchiser. Manuals FEMA Thu, 05 Dec 2024 16:08:00 +0530 https://www.taxtmi.com/manuals?id=6275