https://www.taxtmi.com/manuals?id=6277 AD Category I banks, AD Category II entities and FFMCs must verify franchisees' business activities, market position, minimum Net Owned Funds, municipal/shop certifications, physical site existence, identity documents (including PAN and photographs), and obtain incorporated entities' constitutional documents. They should collect a declaration on past or pending criminal cases and may optionally obtain a police conduct certificate. Franchisers must secure a Chartered Accountant's certificate confirming ongoing maintenance of minimum Net Owned Funds and perform these checks at least annually, with documentary proof and site visits. en-us Thu, 05 Dec 2024 16:09:00 +0530 Thu, 05 Dec 2024 16:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=6277 AD Category I banks, AD Category II entities and FFMCs must verify franchisees' business activities, market position, minimum Net Owned Funds, municipal/shop certifications, physical site existence, identity documents (including PAN and photographs), and obtain incorporated entities' constitutional documents. They should collect a declaration on past or pending criminal cases and may optionally obtain a police conduct certificate. Franchisers must secure a Chartered Accountant's certificate confirming ongoing maintenance of minimum Net Owned Funds and perform these checks at least annually, with documentary proof and site visits. Manuals FEMA Thu, 05 Dec 2024 16:09:00 +0530 https://www.taxtmi.com/manuals?id=6277