https://www.taxtmi.com/acts?id=54118 The principal must formulate a Board-approved internal policy for engaging Forex Correspondents. The policy should cover the types of entities to be appointed, fit and proper criteria, activities to be undertaken through them, net worth requirements, due diligence, systems and controls, transaction reporting, charges, customer service, and grievance redressal. en-us Wed, 06 May 2026 17:33:03 +0530 Wed, 06 May 2026 17:33:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=54118 The principal must formulate a Board-approved internal policy for engaging Forex Correspondents. The policy should cover the types of entities to be appointed, fit and proper criteria, activities to be undertaken through them, net worth requirements, due diligence, systems and controls, transaction reporting, charges, customer service, and grievance redressal. Act-Rules FEMA Wed, 06 May 2026 17:33:03 +0530 https://www.taxtmi.com/acts?id=54118