https://www.taxtmi.com/acts?id=54114 Conditions of authorisation under the Foreign Exchange Management (Authorised Persons) Regulations, 2026 require authorisations to continue until revoked or surrendered, while banks and NBFCs remain co-terminus with the relevant banking licence or certificate of registration. The Reserve Bank may vary, revoke or add conditions, and non-bank authorised persons must satisfy minimum annual forex turnover, net worth, fit-and-proper and reporting obligations on an ongoing basis. Non-bank authorised persons must also begin operations within six months, obtain prior approval for specified changes in control or ownership, report prescribed events and use APConnect for business-place updates. en-us Wed, 06 May 2026 17:30:40 +0530 Wed, 06 May 2026 18:00:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=54114 Conditions of authorisation under the Foreign Exchange Management (Authorised Persons) Regulations, 2026 require authorisations to continue until revoked or surrendered, while banks and NBFCs remain co-terminus with the relevant banking licence or certificate of registration. The Reserve Bank may vary, revoke or add conditions, and non-bank authorised persons must satisfy minimum annual forex turnover, net worth, fit-and-proper and reporting obligations on an ongoing basis. Non-bank authorised persons must also begin operations within six months, obtain prior approval for specified changes in control or ownership, report prescribed events and use APConnect for business-place updates. Act-Rules FEMA Wed, 06 May 2026 17:30:40 +0530 https://www.taxtmi.com/acts?id=54114