https://www.taxtmi.com/acts?id=54123 Full Fledged Money Changer licensing requires incorporation under applicable companies legislation, prescribed Net Owned Funds, and satisfaction of fit and proper criteria by both the applicant and its directors. Enforcement proceedings against the company or directors prevent licensing consideration. Directors require board-led due diligence and nomination committee scrutiny. Applications must contain corporate, financial, banking, compliance and board-authorisation documents, including KYC-policy confirmation. Licence requests are considered by the regional office following Empowered Committee clearance, and the approval decision is final and binding. en-us Wed, 06 May 2026 17:37:12 +0530 Wed, 22 Jul 2026 18:23:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=54123 Full Fledged Money Changer licensing requires incorporation under applicable companies legislation, prescribed Net Owned Funds, and satisfaction of fit and proper criteria by both the applicant and its directors. Enforcement proceedings against the company or directors prevent licensing consideration. Directors require board-led due diligence and nomination committee scrutiny. Applications must contain corporate, financial, banking, compliance and board-authorisation documents, including KYC-policy confirmation. Licence requests are considered by the regional office following Empowered Committee clearance, and the approval decision is final and binding. Act-Rules FEMA Wed, 06 May 2026 17:37:12 +0530 https://www.taxtmi.com/acts?id=54123