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Advisory - Full Fledged Money Changers (FFMC).

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Full Text of the Document

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....proviso to section 194N of the Income-tax Act, 1961 (43 of 1961), the Central Government, after consultation with the Reserve Bank of India (RBI), hereby specifies,- (a) the authorised dealer and its franchise agent and sub-agent; and (b) Full-Fledged Money Changer (FFMC) licensed by the Reserve Bank of India and its franchise agent; maintaining a separate bank account from wh....

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