https://www.taxtmi.com/notifications?id=145587 The regulations create the framework for authorisation, renewal, permitted activities, continuing obligations, appeal and supervision of authorised persons under the Foreign Exchange Management Act, 1999. They require Reserve Bank authorisation for acting as an authorised person, prescribe eligibility criteria, including corporate form, minimum net worth, turnover and fit and proper standards, and classify authorised persons as AD Category-I, AD Category-II, AD Category-III and FFMC. The regulations also set out category-wise permitted activities, conditions of authorisation, grounds for rejection or revocation, an appeal mechanism, and a Forex Correspondent Scheme for agent-based money changing operations. en-us Thu, 30 Apr 2026 00:00:00 +0530 Wed, 06 May 2026 14:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=145587 The regulations create the framework for authorisation, renewal, permitted activities, continuing obligations, appeal and supervision of authorised persons under the Foreign Exchange Management Act, 1999. They require Reserve Bank authorisation for acting as an authorised person, prescribe eligibility criteria, including corporate form, minimum net worth, turnover and fit and proper standards, and classify authorised persons as AD Category-I, AD Category-II, AD Category-III and FFMC. The regulations also set out category-wise permitted activities, conditions of authorisation, grounds for rejection or revocation, an appeal mechanism, and a Forex Correspondent Scheme for agent-based money changing operations. Notifications FEMA Thu, 30 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/notifications?id=145587