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Introduction - Authorised Person under FEMA Act,1999

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....0 of the FEMA Act, 1999. Section 10 empowers the Reserve Bank to authorises persons to deal in foreign exchange or in Foreign securities. The authorisation can also be granted for dealing in foreign exchange. The Reserve Bank may specify the conditions in the authorisation and may also revoke the same in public interest in the case of any contravention of the provisions of the act or failure to....

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....ries) Circular No. 25 date 06-03-2006] • Authorised Dealers Category- II • Meaning :- "Authorised Dealer (AD) Category II" means entities which are authorised by the Reserve Bank to carry out specified non-trade related current account transactions, all the activities permitted to Full Fledged Money Changers and any other activity as decided by the Reserve ....

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....ed Dealers Category- III • Meaning :- "Authorised Dealer (AD) Category III" means entities which are authorised by the Reserve Bank to carry out specific foreign exchange transactions incidental to their business / activities. [Section I para 2.5 of RBI FED Master Direction No. 03/2015-16 dated 01-01-2016] • Entities :- (i) Upgraded....